Bryn Mawr Bank to acquire Royal Bancshares of Pennsylvania for $128M
February 01, 2017
Regional Banks | Bala Cynwyd, PA | Corporate Acquisition
Bryn Mawr Bank (NASDAQ: BMTC) has agreed to acquire Royal Bancshares of Pennsylvania (NASDAQ: RBPAA), the parent company of Royal Bank America, in an all-stock transaction valued at $127.7 million. The acquisition will expand Bryn Mawr Bank's network by securing entry to parts of New Jersey and Berks County, PA. The deal is expected to close in 3Q. Both Bryn Mawr Bank and Royal Bancshares stock closed Tuesday almost unchanged.