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Royal Financial, Inc. Announces Establishment of $4 Million Line of Credit

CHICAGO, Nov. 13, 2014 (GLOBE NEWSWIRE) -- Royal Financial, Inc. (the "Company") (OTCBB:RYFL), incorporated under the laws of Delaware on December 15, 2004, for the purpose of serving as the holding company of Royal Savings Bank (the "Bank"), announced today that it has established a revolving line of credit of $4.0 million with The PrivateBank, a commercial bank that is headquartered in Chicago, Illinois. The line of credit is secured by a pledge of the Bank's common stock and can be utilized for a variety of general business purposes, including organic growth, mergers and acquisitions, and share repurchases.

"We are pleased to have secured this source of additional liquidity which we announced in our First Quarter earnings release on October 28th," said Leonard Szwajkowski, President and Chief Executive Officer. "We welcome the flexibility that it gives us for business operations and to execute strategic initiatives to improve shareholder value."

Royal Savings Bank offers a range of checking and savings products and a full line of home and commercial lending solutions. Royal Savings Bank has been operating continuously in the south and southeast communities of Chicago since 1887, and currently has three branches in Chicago with lending centers in Homewood and St. Charles, Illinois. Visit Royal Financial, Inc. and Royal Savings Bank at www.royal-bank.us

Forward Looking Statements: This press release may include forward-looking statements. These forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain and actual results may differ materially from those predicted in such forward-looking statements. Factors that could have a material adverse effect on the operations and future prospects of the Company and the Bank include, but are not limited to, changes in interest rates; the economic health of the local real estate market; general economic conditions; continued credit deterioration in our loan portfolio that would cause us to further increase our allowance for loan losses; legislative/regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of the loan and securities portfolios; demand for loan products in our market areas; deposit flows; competition; demand for financial services in our market areas; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements.

CONTACT: Mr. Leonard Szwajkowski President and CEO Telephone: (773) 382-2111 E-mail: lszwajkowski@royal-bank.usSource:Royal Financial, Inc.