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

4/11/2012 9:04 AM ET

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

Quick Facts

<<Previous 91 Articles Next>>

Editors Pick

Stocks May Move Higher Ahead Of Testimony From Bernanke - U.S. Commentary

After moving modestly higher over the course of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 32 points.

IMF Sees Myanmar Growth At 6.7% This Fiscal

Myanmar's growth is set to accelerate slightly to 6.75 percent in the fiscal year ending March 2014 led by gas production and investment, the International Monetary Fund said on Wednesday. In an Article IV Consultation report, the IMF said Myanmar's economy grew nearly 6.5 percent in the fiscal year...

Bank Of England Split On QE; King's Stimulus Call Defeated For Fourth Month

Bank of England Chief Mervyn King maintained his call for more stimulus for the fourth month and was defeated again by a majority of six members as in previous months who cited faster-than-expected growth and pipeline impact from previous stimulus. At his penultimate meeting, King along with Paul Fisher and David Miles sought an increase in quantitative easing by GBP 25 billion.