logo
Plus   Neg
Share
Email

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

Royal Bancshares of Pennsylvania, Inc. (RBPAA) 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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT