-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IwW4xP0h5NMtSTEMtM4AN2SeQ056EYWBc8EgtTcbclUL18d7BVlXshdGk9OjUHHv X5lXLw8mpW/Vq7Gi0PsM7Q== 0000950115-97-001867.txt : 19971125 0000950115-97-001867.hdr.sgml : 19971125 ACCESSION NUMBER: 0000950115-97-001867 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19971124 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROYAL BANCSHARES OF PENNSYLVANIA INC CENTRAL INDEX KEY: 0000922487 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 231627866 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 000-26366 FILM NUMBER: 97726868 BUSINESS ADDRESS: STREET 1: 732 MONTGOMERY AVE CITY: NARBERTH STATE: PA ZIP: 19072 BUSINESS PHONE: 6106684700 MAIL ADDRESS: STREET 1: 732 MONGTOMERY AVENUE CITY: NARBERTH STATE: PA ZIP: 19072 10-K/A 1 AMENDMENT TO FORM 10-K FORM 10-K/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended DECEMBER 31, 1996 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ___________ to ___________ Commission File Number 0-26366 ROYAL BANCSHARES OF PENNSYLVANIA, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-2812193 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 732 Montgomery Avenue, Narberth, Pennsylvania 19072 (Address of principal executive offices) Registrant's telephone number, including area code (610) 668-4700 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Class A Common Stock ($2.00 par value) ----------------------------------------- Class B Common Stock ($.10 par value) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contended, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ X ] The aggregate market value of common shares of the Registrant held by non-affiliates, based on the closing sale price as of February 28, 1997 was $42,058,204. As of February 28, 1997, the Registrant had 6,434,844 and 1,555,363 shares outstanding of Class A and Class B common stock, respectively. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS ROYAL BANCSHARES OF PENNSYLVANIA, INC. AND SUBSIDIARIES December 31, 1996 and 1995 Report of Independent Certified Public Accountants Board of Directors Royal Bancshares of Pennsylvania, Inc. and Subsidiaries We have audited the accompanying consolidated balance sheets of Royal Bancshares of Pennsylvania, Inc. and Subsidiaries as of December 31, 1996 and 1995, and the related consolidated statements of income, changes in stockholders' equity and cash flows for each of the three years in the period ended December 31, 1996. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Royal Bancshares of Pennsylvania, Inc. and Subsidiaries at December 31, 1996 and 1995, and the consolidated results of their operations and their consolidated cash flows for each of the three years in the period ended December 31, 1996, in conformity with generally accepted accounting principles. /s/ Grant Thornton LLP Philadelphia, Pennsylvania January 24, 1997 2 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of l934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ROYAL BANCSHARES OF PENNSYLVANIA, INC.
DATE TITLE SIGNATURE ---- ----- --------- March 26, 1997 /s/ Daniel M. Tabas ___________________________________ Chairman _________________________________________________________ Daniel M. Tabas March 26, 1997 /s/ Lee E. Tabas ___________________________________ President/CEO/ _________________________________________________________ Director Lee E. Tabas March 26, 1997 /s/ Joseph P. Campbell ___________________________________ Managing Director/ _________________________________________________________ Director Joseph P. Campbell March 26, 1997 /s/ James J. McSwiggan ___________________________________ Treasurer/CFO _________________________________________________________ James J. McSwiggan March 26, 1997 /s/ Albert Ominsky ___________________________________ Director _________________________________________________________ Albert Ominsky March 26, 1997 /s/ Charles Burhans ___________________________________ Director _________________________________________________________ Charles Burhans March 26, 1997 /s/ Robert R. Tabas ___________________________________ Senior Vice President/ _________________________________________________________ Director Robert R. Tabas March 26, 1997 /s/ Charles Willner ___________________________________ Director _________________________________________________________ Charles Willner March 26, 1997 /s/ Carl Cousins ___________________________________ Director _________________________________________________________ Carl Cousins
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DATE TITLE SIGNATURE ---- ----- --------- ___________________________________ Director _________________________________________________________ Howard Wurzak March 26, 1997 /s/ Katherine Platt ___________________________________ Director _________________________________________________________ Katherine Platt March 26, 1997 /s/ Edward Tepper ___________________________________ Director _________________________________________________________ Edward Tepper March 26, 1997 /s/ Jack Loew ___________________________________ Director _________________________________________________________ Jack Loew March 26, 1997 /s/ Susan Tabas Tepper ___________________________________ Director _________________________________________________________ Susan Tabas Tepper
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