NARBERTH, Pa. -- Royal Bank of Pennsylvania said it has purchased the commercial first-mortgage portfolio of Horizon Financial from the Resolution Trust Corp.

The portfolio consists of $53 million in performing loans with an average life of nine years.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.