Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

October 07, 2015 4:44 AM ET


Company Overview of Royal Savings Bank

Company Overview

Royal Savings Bank, a chartered community bank, provides personal and commercial banking services in Illinois. The company’s personal banking services include checking accounts, savings accounts, certificates of deposit, individual retirement accounts, loans, and online banking; and commercial banking services comprise checking accounts, savings accounts, certificates of deposit, commercial loans, and cash management. It also provides mortgages and home equity services. The company was founded in 1887 and is based in Chicago, Illinois. Royal Savings Bank operates as a subsidiary of Royal Financial Inc.

9226 South Commercial Avenue

Chicago, IL 60617

United States

Founded in 1887





Key Executives for Royal Savings Bank

Chief Executive Officer, President, Director, Chief Executive Officer of Royal Financial, Inc and President of Royal Financial, Inc
Age: 52
Chief Financial Officer, Senior Vice President, Chief Financial Officer of Royal Financial, Inc and Senior Vice President of Royal Financial, Inc
Age: 51
Senior Vice President of Operations
Age: 43
Senior Vice President
Age: 54
Advisory Member of the Board and Advisory Member of the Board of Royal Financial, Inc
Age: 77
Compensation as of Fiscal Year 2015.

Royal Savings Bank Key Developments

Royal Savings Bank Opens New Micro-Branch in a Large Neighborhood Grocery Store

Royal Savings Bank opened a new micro-branch in a large neighborhood grocery store, which is close to the bank's current southeast location. The bank said the purchase contract for the existing branch sale is in the final due diligence phase. Upon closure of the outdated branch location, expected to occur in the third fiscal quarter, annual cost savings are estimated to be $150,000.

Royal Savings Bank Announces Branch Relocation and Modernization

Royal Financial Inc., incorporated under the laws of Delaware on December 15, 2004, for the purpose of serving as the holding company of Royal Savings Bank (the Bank), announced that the Bank will relocate the branch office that serves Chicago's East Side community from its current location in a ninety year-old building to a vibrant, new 'micro-branch' approximately one mile away. The new branch will operate space leased from a neighborhood grocery. The Bank expects to open the new branch in late Summer 2014, improve customer service with newly trained client advisors, and provide increased access to bank facilities. The operating lease has a five-year term with two five-year renewal options. The Bank also expects this relocation to decrease operating expenses, avoid major capital expenditures that may be required in the aging current building, and require a lease build-out of approximately $200,000.

Royal Financial, Inc Announces Termination of Memorandum of Understanding with Federal Deposit Insurance Corporation and the Illinois Department of Financial and Professional Regulation

Royal Financial Inc. announced the termination of the Memorandum of Understanding applicable to its subsidiary bank, Royal Savings Bank, with the Federal Deposit Insurance Corporation and the Illinois Department of Financial and Professional Regulation. The MOU was originally entered into on June 15, 2010, then terminated and updated on June 18, 2013, and then terminated on November 19, 2013.

Similar Private Companies By Industry

Company Name Region
Bank Star (Pacific, MO) United States
Vintage Bancorp, Inc. United States
Citizens State Bank United States
American Metro Bank United States
First American Bank and Trust United States

Recent Private Companies Transactions

June 19, 2015
Royal Savings Bank, $3.6 million in Distressed and Other Assets
November 14, 2014
PNA Bank

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Royal Savings Bank, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at