8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event report) October 16, 2003

ROYAL BANCSHARES OF PENNSYLVANIA, INC.

(Exact name of registrant as specified in its charter)

PENNSYLVANIA

(State or Other Jurisdiction of Incorporation)

0-26366	23-2812193
(Commission File Number)	(IRS Employer Identification No.)

732 Montgomery Avenue, Narberth, Pennsylvania	19072
(Address of Principal Executive Offices)	(Zip Code)

(610) 668-4700

(Issuer’s telephone number, including area code)

N/A

(Former Name or Former Address, if Change Since Last Report)

Item 5. Other Events

            Royal Bancshares of Pennsylvania, Inc. announced the appointment of Robert R. Tabas to Chairman of the Board of Directors and the appointment of Linda Stempel Tabas to the Board of Directors.

SIGNATURES

ROYAL BANCSHARES OF PENNSLYVANIA, INC.

Dated: October 17, 2003	/s/	James J. McSwiggan
		James J. McSwiggan
		Executive Vice President

Dated: October 17, 2003	/s/	Jeffrey T. Hanuscin
		Jeffrey T. Hanuscin
		Chief Financial Officer

EX-99

Exhibit 99.3

FOR IMMEDIATE RELEASE                                                                                                October 16, 2003

Royal Bancshares of Pennsylvania Announces Two Board Appointments:
Chairman and a Director

(Narberth, PA) – Royal Bancshares of Pennsylvania, Inc., parent company of Royal Bank of Pennsylvania, is pleased to announce the appointment of Robert R. Tabas as Chairman of the Board of Directors and Linda Tabas Stempel as a Director.

Robert R. Tabas takes over as Chairman replacing his father Daniel M. Tabas, who passed away on September 12, 2003. Robert Tabas has been associated with Royal Bank of Pennsylvania since 1983 and currently holds the title of Senior Vice President with day-to-day responsibilities in the lending department as Chief Lender for Philadelphia and New Jersey. Robert has served as Vice Chairman for the Board of Directors of Royal Bancshares of Pennsylvania since 1999.

A 1977 graduate of the University of Pennsylvania’s Wharton School, Robert is married to Dr. Janine G. Tabas and is the father of two children. He currently resides in Bryn Mawr, Pennsylvania. Robert’s civic activities include a Committee Chairmanship with Federation Housing, Inc., an organization that develops and owns affordable housing for the elderly and membership in the Golden Slipper Club and Charities, a group that runs a summer camp for underprivileged children, a nursing home and a daycare center for seniors.

Linda Tabas Stempel’s appointment to the Board of Directors comes after serving for 8 years as the Director of Investor Relations for Royal Bank of Pennsylvania. During her business career she has held positions in various family-related enterprises and as a stockbroker with Smith Barney and Reynolds Securities.

A 1973 graduate of the University of Pennsylvania, Mrs. Stempel is married to Royal Bank of Pennsylvania Senior Vice President Murray Stempel III. The couple are parents to three children and currently reside in Haverford, Pennsylvania. Linda’s civic activities include work with United Cerebral Palsy and the Children’s Hospital of Philadelphia.

“The appointment of Robert Tabas as Chairman and Linda Stempel to our Board continues their late father’s vision for the future of our Bank,” commented Joseph P. Campbell, President/CEO of Royal Bank of Pennsylvania.

Royal Bank of Pennsylvania, headquartered in Narberth, Pennsylvania, operates 16 full-service branch offices throughout southeastern Pennsylvania and southern New Jersey, including a new state-of-the-art branch in Turnersville, New Jersey (operating under the name Royal Bank of America). The bank offers a wide variety of products and services, including commercial real estate loans, business loans, residential mortgages and Internet Banking available at www.royalbankpa.com.