CHICAGO, July 17, 2015 (GLOBE NEWSWIRE) -- Royal Financial, Inc. (“Royal”) (OTCQX:RYFL), parent company of Royal Savings Bank (the “Bank”), today announced that the OTC Markets Group recently added Royal to its OTCQX Banks Index (.OTCQXBK), effective immediately.
In 2014, the OTC Markets Group expanded its OTCQX Best Marketplace by creating OTCQX for Banks to provide a public market for well-managed, strongly capitalized U.S. regional and community banks. In November, 2014, Royal joined OTCQX for Banks to enhance visibility, streamline disclosure distribution, and create more efficient trading for our investors.
The OTCQX Banks Index is a benchmark for tracking the overall performance of US banks and thrifts on the OTCQX marketplace. It consists of 50 banks and thrifts that are listed on the OTCQX for Banks marketplace and highlights the most transparent, investor focused banks and thrifts trading in the OTC marketplaces.
“We are enthusiastic about being included in the OTCQX index,” said Leonard Szwajkowski, President and CEO of Royal. “We are pleased with this recognition of our effective management and strong capitalization, and we believe that our inclusion in the index will provide increased visibility, promote greater awareness of Royal among investors, and enhance shareholder value.”
Royal Savings Bank offers a range of checking and savings products and a full line of home and commercial lending solutions. Royal Savings Bank has been operating continuously in the south and southeast communities of Chicago since 1887, and currently has two branches in Chicago, with lending centers in Homewood and St. Charles, Illinois. Visit Royal Financial, Inc. and Royal Savings Bank at www.royal-bank.us
Forward Looking Statements: This press release may include forward-looking statements. These forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain and actual results may differ materially from those predicted in such forward-looking statements. Factors that could have a material adverse effect on the operations and future prospects of the Company and the Bank include, but are not limited to, changes in interest rates; the economic health of the local real estate market; general economic conditions; continued credit deterioration in our loan portfolio that would cause us to further increase our allowance for loan losses; legislative/regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of the loan and securities portfolios; demand for loan products in our market areas; deposit flows; competition; demand for financial services in our market areas; our ability to integrate the operations of PNA Bank successfully and cost-effectively; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements.