Royal Bancshares of Pennsylvania, Inc. is a bank holding company that operates through its wholly owned subsidiaries, Royal Bank America (Royal Bank) and Royal Asian Bank (Royal Asian) (collectively referred to as the Banks). The Banks engage in a general banking business principally in Montgomery, Chester, Bucks, Philadelphia and Berks counties in Pennsylvania and in Northern and Southern New Jersey and Delaware. The Company also has a wholly owned non-bank subsidiary, Royal Investments of Delaware, Inc. (RID), which is engaged in investment activities. It has also established a wholly owned subsidiary, Royal Captive Insurance Company, which was formed to insure commercial property and comprehensive umbrella liability for the Company and its affiliates. The Company operates through three segments: Community Banking, Tax Liens and Equity Investments. Royal Bank discontinued operating its 60%-owned subsidiary, RBA ABL Group, LP, in January 2008.