<SEC-DOCUMENT>0001144204-14-044125-index.html : 20140722
<SEC-HEADER>0001144204-14-044125.hdr.sgml : 20140722
<ACCEPTANCE-DATETIME>20140722145302
ACCESSION NUMBER:		0001144204-14-044125
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140722
DATE AS OF CHANGE:		20140722

SUBJECT COMPANY:	

	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:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-48408
		FILM NUMBER:		14986455

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMERALD ADVISERS INC/PA
		CENTRAL INDEX KEY:			0001015083
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			PA

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		3175 OREGON PIKE
		CITY:			LEOLA
		STATE:			PA
		ZIP:			17540
		BUSINESS PHONE:		717-556-8900

	MAIL ADDRESS:	
		STREET 1:		3175 OREGON PIKE
		CITY:			LEOLA
		STATE:			PA
		ZIP:			17540
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>v384402_sc13g.htm
<DESCRIPTION>SC 13G
<TEXT>
Document 1 - file: v384402_sc13g.htm

</DOCUMENT>
</SEC-DOCUMENT>