Royal Bank of Pennsylvania's Holding Company - Royal Bancshares of Pennsylvania, Inc. Reports 18% Increase in Earnings for the 1st Quarter

Apr 19, 2001, 01:00 ET from Royal Bancshares of Pennsylvania, Inc.

    NARBERTH, Pa., April 19 /PRNewswire/ -- Royal Bank of Pennsylvania reports
 that consolidated earnings for its holding company,
 Royal Bancshares of Pennsylvania, Inc. (Nasdaq:   RBPAA), for the quarter ended
 March 31, 2001, were $3,914,291 as compared to $3,326,367 for the same three
 month period ended March 31, 2000, an 18% increase.  Consolidated basic
 earnings per share for the three months ended March 31, 2001, were $.37 versus
 $.31 for the same three-month period ended March 31, 2000.  This growth in
 year-to-date earnings is primarily attributable to the growth in earning
 assets during the first quarter of 2001.
     Consolidated total assets increased to $625,530,146 at March 31, 2001, as
 compared to $558,172,300 at March 31, 2000.  Net loans and mortgages increased
 10% to $421,231,610 at March 31, 2001, as compared to $381,576,715 at
 March 31, 2000.  Total deposits at March 31, 2001, increased to $470,071,526,
 as compared to $414,671,903 at March 31, 2000.  Total consolidated capital
 rose to $103,798,448 for the period ending March 31, 2001, as compared to
 $98,096,651 for the same period ended March 31, 2000, a 6% increase.
     Joseph P. Campbell, President of Royal Bancshares of Pennsylvania, Inc.
 said, "I continue to be optimistic about this year's opportunities for strong
 earnings."
     Royal Bancshares of Pennsylvania is the parent company of Royal Bank of
 Pennsylvania, a community bank with offices in southeastern Pennsylvania and
 Delaware that serves individuals and growing businesses.  The Bank features
 divisions for professionals in Health Care, Legal and Environmental Services
 and is a certified and preferred SBA lender.
 
 

SOURCE Royal Bancshares of Pennsylvania, Inc.
    NARBERTH, Pa., April 19 /PRNewswire/ -- Royal Bank of Pennsylvania reports
 that consolidated earnings for its holding company,
 Royal Bancshares of Pennsylvania, Inc. (Nasdaq:   RBPAA), for the quarter ended
 March 31, 2001, were $3,914,291 as compared to $3,326,367 for the same three
 month period ended March 31, 2000, an 18% increase.  Consolidated basic
 earnings per share for the three months ended March 31, 2001, were $.37 versus
 $.31 for the same three-month period ended March 31, 2000.  This growth in
 year-to-date earnings is primarily attributable to the growth in earning
 assets during the first quarter of 2001.
     Consolidated total assets increased to $625,530,146 at March 31, 2001, as
 compared to $558,172,300 at March 31, 2000.  Net loans and mortgages increased
 10% to $421,231,610 at March 31, 2001, as compared to $381,576,715 at
 March 31, 2000.  Total deposits at March 31, 2001, increased to $470,071,526,
 as compared to $414,671,903 at March 31, 2000.  Total consolidated capital
 rose to $103,798,448 for the period ending March 31, 2001, as compared to
 $98,096,651 for the same period ended March 31, 2000, a 6% increase.
     Joseph P. Campbell, President of Royal Bancshares of Pennsylvania, Inc.
 said, "I continue to be optimistic about this year's opportunities for strong
 earnings."
     Royal Bancshares of Pennsylvania is the parent company of Royal Bank of
 Pennsylvania, a community bank with offices in southeastern Pennsylvania and
 Delaware that serves individuals and growing businesses.  The Bank features
 divisions for professionals in Health Care, Legal and Environmental Services
 and is a certified and preferred SBA lender.
 
 SOURCE  Royal Bancshares of Pennsylvania, Inc.