Royal in Pennsylvania Discloses Risk Chief's Retirement

By Paul Davis December 12, 2014, 10:16 a.m. EST 1 Min Read

Community banking

Royal in Pa. Turns to Retail Banking, Millennials to Complete Comeback

The company spent several years cutting costs and exiting troublesome business to stay afloat. This year, however, management has been focused on upgrading branches and offering a small, unsecured loans to lure younger borrowers.

By John Reosti

December 2

Royal Bancshares of Pennsylvania in Narbeth could be looking for a new chief risk officer.

The $723 million-asset company disclosed in a regulatory filing Friday that Robert Kuehl will retire as its chief administrative and risk officer at the end of this year.

Royal said in its filing that Kuehl, 66, will provide certain consulting services on a part-time basis for four months after his retirement. The filing did not disclose any plans to hire a successor.

The company is in the midst of a significant retail push that includes updating branches and an expansion of its consumer platform to include unsecured loans ranging from $500 to $15,000.

Paul Davis

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