ROYAL BANCSHARES OF PENNSYLVANIA, INC. (NASDAQ:RBPAA) Files An 8-K Other Events
Item 8.01
|
Other Events. |
Royal Bancshares of Pennsylvania, Inc. (Royal) announced that it
has completed the repurchase of all of the remaining shares of
the Companys Fixed Rate Cumulative Perpetual Preferred Stock,
Series A outstanding. Royal initially issued the Series A
preferred stock to the United States Department of the Treasury
in February 2009 as part of the Treasurys TARP program. A copy of
Royals press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
|
Item 9.01 |
Financial Statements and Exhibits. |
|
(d) |
Exhibits: |
|
99.1
|
Press release, dated November 21, 2016, regarding repurchase of outstanding Series A preferred stock. |
About ROYAL BANCSHARES OF PENNSYLVANIA, INC. (NASDAQ:RBPAA)
Royal Bancshares of Pennsylvania, Inc. is a bank holding company. The Company offers a range of financial and banking products and services. The principal activities of the Company are supervising Royal Bank America (Royal Bank), which engages in general banking business. It operates through two segments: Community Banking and Tax Liens. Its community banking segment consists of commercial and retail banking and equipment leasing. The community banking business segment includes Royal Bank and Royal Bank Leasing, and offers a range of products and services. Its tax liens segment includes ownership interest in Crusader Servicing Corporation and Royal Tax Lien Services, LLC. Royal Bank conducts business operations as a commercial bank offering consumer and business deposit products and services, and commercial and consumer loans, including home equity and small business administration loans. It also offers a range of services, such as cash management products and mobile deposits. ROYAL BANCSHARES OF PENNSYLVANIA, INC. (NASDAQ:RBPAA) Recent Trading Information
ROYAL BANCSHARES OF PENNSYLVANIA, INC. (NASDAQ:RBPAA) closed its last trading session down -0.01 at 2.75 with 51,760 shares trading hands.