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United States

Royal Bancshares of Pennsylvania Inc (RBPAA.O)

RBPAA.O on Consolidated Issue listed on NASDAQ Global Market

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2 Dec 2016
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Summary

Name Age Since Current Position

Robert Tabas

60 2012 Chairman of the Board

Frank Tylus

61 2015 President, Chief Executive Officer, Director

Michael Thompson

44 2012 Chief Financial Officer

Mark Biedermann

2015 Executive Vice President, Chief Lending Officer

Lars Eller

48 2013 Executive Vice President, Chief Retail Officer

Linda Stempel

64 2003 Director

Murray Stempel

61 2012 Director

Howard Wurzak

61 1987 Director

Edward Bradley

72 2008 Independent Director

Wayne Huey

71 2011 Independent Director

Michael Piracci

70 2010 Independent Director

Gerard Thomchick

60 2011 Independent Director

Biographies

Name Description

Robert Tabas

Mr. Robert R. Tabas is Chairman of the Board of Royal Bancshares of Pennsylvania, Inc. and was previously Chief Executive Officer of the Corporation from December 2008 (and prior thereto, Chairman of the Corporation and Executive Vice President of the Bank) until February 20, 2013. Mr. Tabas is also the past president of Federation Housing, Inc. and currently serves on its board of directors and is chair of the board governance committee. He also serves on the board of the Montgomery County Development Corporation. He is the brother of Linda Tabas Stempel and the brother-in-law of Howard Wurzak and Murray Stempel, III. For the board of directors to run efficiently and effectively, we believe that Mr. Tabas’ participation on the board of directors is necessary and assists the board of directors in overseeing management’s progress on corporate initiatives and strategic plans, given his previous experience within the Corporation as Chief Executive Officer.

Frank Tylus

Mr. Frank Kevin Tylus is President, Chief Executive Officer, Director of the company. since February 20, 2013 and a Director of the Corporation; and is the Chief Executive Officer and President since December 18, 2012 of Royal Bank America (the “Bank”). Mr. Tylus’ prior experience as a Regional President for PNC Bank, as President and member of the Board of Directors of Yardville Bank as well as numerous progressively-responsible leadership positions in the financial services, insurance, and healthcare industries provides critical skills for the board of directors’ oversight of capital management, retail banking, lending, corporate governance and strategic planning. For the board of directors to run efficiently and effectively, we believe that Mr. Tylus’ participation on the board of directors is necessary and assists the board of directors in overseeing management’s progress on corporate initiatives and strategic plans.

Michael Thompson

Mr. Michael S. Thompson is Chief Financial Officer of Royal Bancshares of Pennsylvania Inc., since September 24, 2012. He has served as the Chief Accounting Officer of Royal Bancshares of Pennsylvania, Inc., and its wholly owned banking subsidiary, Royal Bank America (the “Bank”) and as a senior officer of Royal and the Bank since 1999.

Mark Biedermann

Lars Eller

Mr. Lars B. Eller is an Executive Vice President and Chief Retail Officer of the Corporation since December 2013. Prior to December 2013, Mr. Eller served as Head of Retail Banking in the Pennsylvania market for TD Bank and also previously served as Executive Vice President of Retail Banking at National City Bank.

Linda Stempel

Mrs. Linda Tabas Stempel is Director of Royal Bancshares of Pennsylvania Inc., since 2003. She was previously Director of Investor Relations for the Corporation. She is the wife of Murray Stempel, III, the sister of Robert R. Tabas and the sister-in-law of Howard Wurzak. Her previous role as Director of Investor Relations provides assistance and expertise to the board of directors in managing shareholder communications.

Murray Stempel

Mr. Murray Stempel, III serves as Director of Royal Bancshares of Pennsylvania, Inc. and was previously Vice Chairman of the Corporation from December 2008 (and, prior thereto, Executive Vice President of the Corporation and the Bank) until December 31, 2012. Mr. Stempel is the husband of Linda Tabas Stempel and the brother-in-law of Robert R. Tabas and Howard Wurzak. From 2004 until 2008, he served as Executive Vice President and Chief Lending Officer at the Bank. Mr. Stempel, is a member of the board of trustees of RAIT Financial Trust (“RAIT”), a publicly traded, self-managed and self-advised real estate investment trust since December 2006 and is Chairman of their Nominating and Governance Committee. RAIT offers a set of debt financing options to the commercial real estate industry, fixed income trading and advisory services, owns and manages a portfolio of commercial real estate properties, and manages real estate-related assets for third parties. Mr. Stempel’s knowledge of the Bank’s lending practices and of commercial real estate investments generally, which remain a substantial portion of the Bank’s loan portfolio, are important to the board of directors’ oversight of the Bank’s lending relationships.

Howard Wurzak

Mr. Howard J. Wurzak is Director of Royal Bancshares of Pennsylvania Inc., since 1987. and is Chairman and CEO of the Wurzak Hotel Group, President and CEO of the Hilton Hotel Philadelphia, Sheraton Hotel King of Prussia, Home2 Suites Philadelphia, Homewood Suites City Avenue and JCB Management, LLC. He is the son-in-law of Evelyn R. Tabas, and the brother-in-law of Robert R. Tabas, Murray Stempel, III and Linda Tabas Stempel. Mr. Wurzak’s real estate development expertise and ability to manage large organizations demonstrates that he possesses the knowledge regarding the industries we serve and the management skills that we value in the members of our board of directors.

Edward Bradley

Mr. Edward F. Bradley, CPA, is Independent Director of Royal Bancshares of Pennsylvania Inc., since December 17, 2008. He is a Director of the Corporation, and is currently an adjunct professor at Philadelphia University. He was previously a partner at Grant Thornton, a public accounting firm in Philadelphia, Pennsylvania. Mr. Bradley’s many years of experience in public accounting, particularly in auditing financial institutions, is beneficial to the operations of the Corporation’s Audit Committee and his role as the Audit Committee’s Chairperson and financial expert.

Wayne Huey

Mr. Wayne R. Huey, Jr., is Independent Director of Royal Bancshares of Pennsylvania Inc., since September 30, 2011. and was previously Executive Vice President of Montgomery Chemicals, a regional chemical manufacturer and supplier to specialty industries, and prior thereto was Senior Vice President of Private Banking at Nova Savings Bank, a local community bank from 2004 until 2005. From 1998 until 2004 he was Vice Chairman and Managing Director of Millennium Bank, a community bank that was merged into Harleysville National Corporation. He was also employed as an Executive Vice President by CoreStates Bank and Meridian Bancorp. He previously held executive positions within other community banks with significant experience in retail banking, administration, commercial lending and marketing. He is currently a board member of the Paoli Hospital Foundation. Mr. Huey’s prior leadership and banking experience in community banks and larger financial institutions provides critical skills required for the board of directors’ oversight of retail banking, lending, and corporate governance.

Michael Piracci

Mr. Michael J. Piracci is Independent Director of Royal Bancshares of Pennsylvania Inc., since May 19, 2010. and is currently President of M. Piracci Consulting, Inc. an independent consulting company providing consulting services to financial institutions primarily related to banking regulations. He was previously the Assistant Regional Director of the New York Office of the FDIC and was an examiner for many years. He also serves on the board of directors for Quontic Bank in Great Neck, New York. Mr. Piracci’s prior experience as an examiner, manager and Assistant Regional Director of the FDIC is important for the board of directors’ oversight in dealing with the regulatory orders, banking regulations and banking operations.

Gerard Thomchick

Mr. Gerard M. Thomchick is Independent Director of Royal Bancshares of Pennsylvania Inc., since July 15, 2011. and is currently President of GMT, LLC, a consulting company. Previously he was Senior Executive Vice President and Chief Operating Officer of First Commonwealth Financial Corporation, a regional financial services company in western Pennsylvania from 1995-2007 and was President and CEO of First Commonwealth Bank, a regional bank and subsidiary of First Commonwealth Financial from 2005 to 2007. He has served the community during his career in various civic activities including Rotary President. He was previously a board member of the FHLB in Pittsburgh and was acting Chief Risk Officer and Chairman of the Credit Committee for the FHLB in 2009. He was also a member of the American Bankers Executive Council and served on the Financial Services Roundtable. His prior leadership and banking experience in community banks and larger financial institutions provides critical skills required for the board of directors’ oversight of mergers and acquisitions, commercial lending, strategic planning, risk management, and treasury and investment management.

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