March 22, 2018 5:55 PM ET


Company Overview of Royal Savings Bank

Company Overview

Royal Savings 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, and loans; and commercial banking services comprise checking accounts, savings accounts, certificates of deposit, commercial loans, and cash management services. It also provides mortgages, home equity, and online banking services. Royal Savings Bank was formerly known as Royal Savings And Loan Association Of Chicago and changed its name to Royal Savings Bank in January 1992. The company was founded in 1887 and is based in Chicago, Illinois. Royal Savings Bank operates as...

9226 South Commercial Avenue

Chicago, IL 60617

United States

Founded in 1887





Key Executives for Royal Savings Bank

CEo, President, Interim CFO & Director
Age: 54
Senior VP of Lending
Age: 56
Compensation as of Fiscal Year 2017.

Royal Savings Bank Key Developments

Royal Financial, Inc. and Royal Savings Bank Announce Executive Changes

Royal Financial Inc., the bank holding company for Royal Savings Bank (the Bank), announced that William M. Morfoot was appointed Senior Vice President and Chief Financial Officer of the company and bank on April 19, 2017. Mr. Morfoot is a Certified Public Accountant (CPA) with extensive experience in public accounting and banking. From July 2014 to April 2017, Mr. Morfoot served as Senior Vice President and Chief Accounting Officer for Standard Bank and Trust Company in Hickory Hills, IL. When the company’s and bank’s previous CFO resigned on December 30, 2016, President and Chief Executive Officer (CEO) Leonard Szwajkowski assumed added temporary duties as Interim CFO. With Mr. Morfoot’s appointment, Mr. Szwajkowski resumes full-time service as the company’s and bank’s President and CEO.

Royal Financial, Inc. and Royal Savings Bank Announce Executive Changes, Effective December 30, 2016

Royal Financial Inc. and Royal Savings Bank announced that effective December 30, 2016, Jodi A. Ojeda, will resign as the Chief Financial Officer of the company and Bank for personal reasons. Ms. Ojeda has no disagreement with the company or the Bank that led to her resignation. The company also announced that effective December 30, 2016, Leonard Szwajkowski, President and CEO of the company and Bank since 2007, will be appointed Interim Chief Financial Officer of the company and Bank. Mr. Szwajkowski previously served as CFO and Interim CFO from 2006 to January 3, 2008.

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