Murray Stempel

Royal Bancshares of Pennsylvania, Inc. operates as the bank holding company of Royal Bank America, which engages in general banking business. It operates through Community Banking, and Tax Liens segments. The Community Banking segment is consist of commercial and retail banking, and equipment leasing. The Tax Liens segment is comprised of purchasing delinquent tax certificates from local municipalities at auction. The company was founded on June 3, 1994 and is headquartered in Bala Cynwyd, PA.

RAIT Financial Trust operates as an real estate investment, which focuses on providing debt financing options to owners of commercial real estate throughout the U.S. The company was founded by Betsy Z. Cohen in August 1997 and is headquartered in New York, NY.

Taberna Realty Finance Trust used to provide finance for real estate operating companies. It used to make secondary market investments in selected real estate debt instruments, including residential mortgage loan portfolios and commercial mortgage backed securities. The company was located in Philadelphia, PA

Royal Bank America operates as a state chartered commercial bank. The company was founded in 1963 and is headquartered in Narberth, PA.