F. Kevin Tylus Joins Royal Bank America as President and Chief

F. Kevin Tylus Joins Royal Bank America as President and Chief
Executive Officer 
Experienced Banking Executive Led Yardville National Bank's
Expansion, Regulatory Compliance and Eventual Acquisition by PNC 
NARBERTH, PA -- (Marketwire) -- 12/18/12 --   Royal Bancshares of
Pennsylvania, Inc. (NASDAQ: RBPAA) today announced that F. Kevin
Tylus has been named president, chief executive officer and a
director of the bank, effective immediately. He will report directly
to the board of directors. 
Today's announcement completes a management transition plan that was
first announced by Royal in April 2012. Robert R. Tabas, who has
served as chief executive officer since 2009, will retire from
day-to-day management of the bank and holding company, but will
remain as chairman of the board of directors.  
Mr. Tylus was president of Yardville National Bank from 2004 to 2007,
and served on the company's board of directors from 1991 to 2004,
continuing as a non-independent director through 2007. During his
tenure as president, Yardville expanded its footprint to 35 branches
in New Jersey and Bucks County, PA, grew to $3 billion in assets,
while market capitalization nearly doubled from its 2002 public stock
offering. He also brings extensive capital markets experience, having
worked with investment bankers and investors on a range of successful
capital raising initiatives. He also was responsible for establishing
an enterprise risk management culture, satisfying regulatory
requirements and expanding customer-facing and internal technology
capabilities. Mr. Tylus chaired several Board committees during his
tenure as an independent director including the Strategic Planning
After the sale of Yardville, Mr. Tylus remained with PNC as regional
president of its newly-created Central New Jersey region, which
represented 120 branches. Under his leadership, the region grew as a
result of cross-selling initiatives and brand expansion. Prior to
joining Yardville, Tylus held progressively-responsible leadership
positions in the financial services, insurance, and healthcare
industries. Early in his career, Mr. Tylus was a management
consultant with Touche Ross (now Deloitte Consulting) where he became
a Partner. He received his bachelor's degree from Gettysburg College
in Gettysburg, Pa., where he serves as a Trustee and earned an MBA in
finance from La Salle College in Philadelphia, Pa. He is a past
member of the Franklin & Marshall College Leadership Council, the
Chair of The Hun School of Princeton Board of Trustees and a leader
for various community organizations. 
Robert Tabas, chairman of the board of Royal, stated, "Kevin Tylus'
banking experience is the perfect fit for Royal as we complete our
management succession. He brings a combination of community bank and
large bank experience, and a history of repositioning and growing
businesses in challenging industries while building cohesive
management teams and organizations. He added significant shareholder
value for Yardville's stockholders by helping to lead the bank's
transformation from a family-owned community bank to a larger, more
sophisticated and successful organization. We believe that his
appointment as president and chief executive officer is a positive
next step for Royal, and will benefit our shareholders, customers,
employees and the community we serve." 
Kevin Tylus added, "Royal Bank has a strong market presence in some
of the most attractive markets in the greater Philadelphia area.
Robert Tabas and the Royal team have carefully managed the bank
through the downturn, and as a result, Royal has emerged with
improved regulatory relationships, sound risk management practices,
increased capital ratios, and an intense focus on meeting the banking
needs of small-to-medium-sized businesses and consumers. This is an
unprecedented opportunity for me to work with the entire Royal team
to drive the next wave of growth for the bank." 
Robert Tabas added, "This announcement represents the culmination of
the process we launched earlier this year to transition Royal's
management to an independent professional bank management team. For
the first time since my father Daniel acquired the bank in 1980,
there are now no members of the Tabas family involved in day-to-day
bank management. However, as Royal's largest shareholders, we are
encouraged by the future direction of the bank, and we believe Kevin
Tylus's leadership will ultimately increase shareholder value. We
remain supportive of the bank as shareholders, and I look forward to
supporting Kevin as CEO in my role as chairman of the board of
About Royal Bancshares of Pennsylvania, Inc.  
Royal Bancshares of Pennsylvania, Inc., headquartered in Narberth,
Pennsylvania, is the parent company of Royal Bank America, which for
the past nearly 50 years has played a lead role in the growth and
development of our region by empowering small businesses,
entrepreneurs and individuals to achieve their financial goals and
enrich our communities. More information on Royal Bancshares of
Pennsylvania, Inc., Royal Bank America and its subsidiaries can be
found at www.royalbankamerica.com. 
Forward-Looking Statements 
The foregoing material may contain forward-looking statements. We
caution that such statements may be subject to a number of
uncertainties, and actual results could differ materially; therefore,
readers should not place undue reliance on any forward-looking
statements. Royal Bancshares of Pennsylvania, Inc. does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated
or unanticipated events or circumstances after the date of such
statements. For a discussion of the factors that could cause actual
results to differ from the results discussed in any such
forward-looking statements, see the filings made by Royal Bancshares
of Pennsylvania, Inc. with the Securities and Exchange Commission,
including its Annual Report -- Form 10-K for the year ended December
31, 2011. 
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Company Contact: 
Marc Sanders
Vice President - Marketing
Royal Bank America
Office: 610-668-4700 
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