Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Royal Bancshares Chairman, CEO Robert Tabas Plans To Retire By 2012-end

Royal Bancshares of Pennsylvania, Inc. (RBPAA: Quote) said Robert Tabas, chairman and chief executive officer, plans to retire by the end of 2012. Tabas will remain chairman of the board of directors.

The company's board of directors has formed a search committee to select an executive search firm and interview candidates for the combined role of president and chief executive officer.

Murray Stempel, vice chairman and chief lending officer, will also retire from active management of the company and as vice chairman by the end of the year but will remain on the company's board of directors. Further, James McSwiggan has advised the board of his decision to retire as president and chief operating officer and to step down from the board on or before December 31, 2012.

Click here to receive FREE breaking news email alerts for Royal Bancshares Of Pennsylvania Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.