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Bryn Mawr Bank Corp. in $128M deal for Royal Bancshares of Pennsylvania

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Bryn Mawr Bank Corp. in $128M deal for Royal Bancshares of Pennsylvania

In Pennsylvania, Bryn Mawr Bank Corp. is buying Bala Cynwyd-based Royal Bancshares of Pennsylvania Inc. for approximately $127.7 million in stock.

Bryn Mawr had $3.42 billion in assets at the end of 2016 and Royal Bancshares had $832.5 million in assets. The transaction brings with it approximately $602 million in loans and $630 million in deposits, according to the press release.

More details to follow.