The PNA bank acquisition was the first in the company’s 130-year history. File photo
Royal Savings Bank has finished integrating Park Federal Savings Bank.
“By completing the integration of Park Federal into Royal Savings Bank, all customers now enjoy access to all of the bank’s product and service offerings at all facilities and online. The bank’s staff performed superbly to complete the integration in only five months, ahead of schedule, and with minimal disruptions to customers,” Leonard Szwajkowski, president and CEO, said
He also said the bank looks forward to working with existing and new customers while offering expanded services.
“The PNA bank acquisition was the first in the company’s 130-year history, and we are pleased that it was executed and integrated smoothly with minimal customer disruptions. That acquisition had a transformative impact on the value and structure of the company,” Szwajkowski said.
He said that the expansion will also grow the bank's network and result in an increased value to shareholders.
Royal Savings Bank has been in operation since 1887 and has seven branches in the Chicago area.