St. Charles Newswire
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Royal Financial, Inc. , parent company of Royal Savings Bank , announced today that it completed its acquisition of Park Bancorp and the merger of Park's wholly-owned subsidiary, Park Federal Savings Bank , a federally-chartered bank, with and into Royal's wholly-owned subsidiary, Royal Savings Bank , a state-chartered savings bank, on April 29, 2016. Park Bancorp was simultaneously merged into Royal Financial. Comment?
Royal Financial, Inc. today announced the execution of a definitive agreement with a New York based asset management firm to sell $25.8 million of distressed assets currently owned by Park Bancorp and its subsidiary Bank, Park Federal Savings Bank . In January, 2016, the Company announced that it had entered into an agreement to purchase Park subject to the approval of banking regulators. Comment?
Royal Financial, Inc. , the holding company and parent to Royal Savings Bank , and Park Bancorp, Inc. , the holding company and parent to Park Federal Savings Bank , jointly announce that on March 22, 2016 the shareholders of Park Bancorp have voted to approve the Agreement and Plan of Merger, dated January 14, 2016, by and between Royal Financial and Park Bancorp, pursuant to which Park Bancorp will merge with and into Royal Financial. The proxy vote was announced at the Park Bancorp special meeting of shareholders today in Chicago. Comment?
Royal Financial, Inc. and Park Bancorp, Inc. jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which Park Bancorp, the holding company and parent of Park Federal Savings Bank will merge with and into Royal Financial, the holding company for Royal Savings Bank . Park Federal, which operates three banking offices in Chicago and one in Westmont, Illinois, will merge with and into Royal Savings. Comment?
Royal Financial, Inc. , parent company of Royal Savings Bank , announced today that it has received all regulatory approvals required for the previously announced acquisition and merger of PNA Bank into Royal Savings Bank. Royal expects to close the transaction on September 30, 2015. Comment?
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