Royal Financial Inc (RYFL)

Royal Financial Inc. was incorporated under the laws of the State of Delaware on September 15, 2004 for the purpose of serving as the holding company of Royal Savings Bank (the 'Bank') as part of the Bank's conversion from a mutual to stock form of organization, which was completed on January 20, 2005. The Bank is engaged in the business of retail banking, with operations conducted through its main office located in Chicago, Illinois and one branch office also located in Chicago. The Bank's business consists of attracting deposits from the general public and using those funds to originate one- to four-family residential loans, commercial real estate loans, multi-family real estate loans, consumer loans, and to a lesser extent, commercial loans and leases. The Bank also maintains an investment portfolio for earnings and liquidity purposes. The Bank is a community-oriented savings bank. The Bank's primary deposit gathering efforts and lending activities are concentrated primarily in the communities surrounding its offices, which is southeastern Cook County, Illinois and bordering northwest Indiana. The Bank faces significant competition in its market areas, both in attracting deposits and in making loans. The Company's most direct competition for deposits comes historically from commercial banks, credit unions and other savings institutions located in its primary market area.