SOURCE: Royal Bancshares of Pennsylvania
NARBERTH, PA--(Marketwire - May 1, 2012) - The Board of Directors at Royal Bank America ("Royal"), the wholly-owned bank subsidiary of Royal Bancshares of Pennsylvania, Inc. (NASDAQ: RBPAA), announced today the appointment of Drew Miller as Executive Vice President and Chief Lending Officer, effective May 7, 2012.
Robert R. Tabas, Chairman and CEO of Royal Bancshares of Pennsylvania, Inc., noted, "The appointment of Drew Miller as our new Chief Lending Officer is another exciting step forward for our bank. We have continued to reshape the Royal brand embracing a community banking model focused on empowering small and medium-sized businesses in our region to reach their financial goals and Drew's guidance and considerable expertise will be invaluable."
Drew Miller commented, "Few banks in our region are as uniquely positioned to serve their customer base today as Royal Bank America. The bank's mission to be the region's premier community banking partner focused on outstanding service is one that I truly embrace."
Mr. Miller joins Royal after a 37-year career at Beneficial Savings Bank, where he was appointed Executive Vice President and Chief Lending Officer in July 2000. In that role he helped double the bank's aggregate loan portfolio while diversifying focus, growing business and commercial loans to a significant portion of the portfolio. He also spearheaded business development efforts to increase the bank's product and services for loan customers, including deposit, insurance and wealth management solutions.
Mr. Tabas added, "Drew's unique career path, having started as a bank teller and eventually working his way up through the retail environment and into lending and executive leadership roles, provides him with a keen level of insight into how customers interact with their bank and in turn how a bank can best serve its customers. This knowledge will foster the development of a solutions-oriented culture that will position our bank for growth by expanding our small business and middle market commercial lending capabilities."
Mr. Miller served on the Board of Trustees at Holy Family University, as an Independent Managing Member of the Fortier Corporation at St. Joseph's University, as a Board Member of KenCrest Centers and as a Board Member of the Philadelphia Development Partnership. He has been a guest on several local television programs, providing advice on the economy, financial planning, mortgages and financial literacy.
Mr. Miller will lead Royal's team of experienced lenders and relationship managers at the bank's Bala Cynwyd Loan Center, as well as managing lending programs at Royal's 15 community banking offices located throughout Southeastern Pennsylvania and Southern New Jersey.
About Royal Bancshares of Pennsylvania, Inc.
Royal Bancshares of Pennsylvania, Inc., headquartered in Narberth, Pennsylvania, is the parent company of Royal Bank America, which for the past nearly 50 years has played a lead role in the growth and development of our region by empowering small businesses, entrepreneurs and individuals to achieve their financial goals and enrich our communities. More information on Royal Bancshares of Pennsylvania, Inc., Royal Bank America and its subsidiaries can be found at www.royalbankamerica.com.
Forward Looking Statements
The foregoing material may contain forward-looking statements. We caution that such statements may be subject to a number of uncertainties, and actual results could differ materially; therefore, readers should not place undue reliance on any forward-looking statements. Royal Bancshares of Pennsylvania, Inc. does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. For a discussion of the factors that could cause actual results to differ from the results discussed in any such forward-looking statements, see the filings made by Royal Bancshares of Pennsylvania, Inc. with the Securities and Exchange Commission, including its Annual Report -- Form 10-K for the year ended December 31, 2011.