Royal Bank America Appoints Michael Thompson CFO Among Other Leadership Changes

The Board of Directors of Royal Bank America ("Royal"), the wholly-owned bank subsidiary of Royal Bancshares of Pennsylvania, Inc.

, announced today the promotion of three individuals to key positions within the organization. Robert A. Kuehl has been promoted to the newly created position of Chief Administrative Officer. Mr. Kuehl has been Chief Financial Officer for Royal Bank America since 2008. In his new role, Mr. Kuehl will assume responsibility for leadership in several key areas including retail banking, ALCO, deposit operations and strategic planning. Robert R. Tabas, Chairman and CEO of Royal Bancshares of Pennsylvania, Inc., noted, "Through the creation of this new position our Board has provided a platform for Bob, one of our region's most seasoned bankers and a key member of our leadership team for the past 4 years, to step up and play a larger role in charting the course for our bank." Prior to joining Royal Bank America, Mr. Kuehl served as Senior Vice President and Chief Financial Officer for Parke Bank in New Jersey. Mr. Kuehl's 31-year banking career has also included experience as Corporate Controller for Huntington Bank in Ohio and as Division Controller for the former money center bank First National Bank of Chicago in Illinois. Mr. Kuehl holds a Juris Doctorate from John Marshall Law School in Chicago, and an MBA in Finance and Economics from the University of Chicago. Concurrent with Mr. Kuehl's promotion, the bank has announced that Michael S. Thompson will assume the role of Chief Financial Officer. Mr. Thompson currently serves as the bank's Chief Accounting Officer, a role he assumed in 2008 after serving as the bank's Controller since 1999. Michael holds an MBA in Finance from St. Joseph's University. Tabas noted, "We are excited to promote Michael to the position of Chief Financial Officer. In his career at Royal, Michael has provided key guidance and leadership, spearheading many of the initiatives that have provided the foundation for the stability and growth potential that underpin the Royal brand at this time."