Royal Bancshares of Pennsylvania, Inc. Announces Shareholder Approval of Pending Merger with Bryn Mawr Bank Corporation
ROYAL BANCSHARES (RBPAA)
US:NASDAQ Investor Relations:
royalbankamerica.com/about-us/investor-relations
Company Research
Source: Marketwire
BALA CYNWYD, PA -- (Marketwired) -- 05/25/17 -- Royal Bancshares of Pennsylvania, Inc. ("Royal") (NASDAQ: RBPAA), the holding company for Royal Bank America, announced that its shareholders approved its pending merger transaction with Bryn Mawr Bank Corporation (the "Corporation") at a special meeting of shareholders held on May 24, 2017. At the Special Meeting, 98.6% of votes cast were voted in favor of the merger. "We were pleased to have such widespread approval from our shareholders for our strategic direction to merge with Bryn Mawr Trust," remarked President and CEO Kevin Tylus. As previously reported in required filings, a third quarter 2017 closing is anticipated, subject to receipt of required regulatory approvals and satisfaction of the remaining conditions set forth in the merger agreement. About Royal Bancshares of Pennsylvania, Inc. Royal Bancshares of Pennsylvania, Inc., headquartered in Bala Cynwyd, Pennsylvania, is the parent company of
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