Over 50 Years of Community Banking
Royal Bank was founded in 1963 as the Bank of King of Prussia with a goal to serve the local community. Local residents grew fond of the personal service they received, began referring their friends and, over time, the bank developed into a modern 13-branch network enhanced by online and mobile tools and a global ATM network.
It may be hard to imagine a time when King of Prussia wasn’t the shopping mecca it is today; however, in 1963 the mega mall was a modest plaza with a department store and supermarket. Up the road, a new bank was preparing to launch – it too a modest version of the institution it is today. Known simply as the Bank of King of Prussia, the pre-cursor to Royal Bank America earned a reputation as a community-minded business with a strong desire to support growth and development in the region. Almost immediately, plans were put in place for more branches in the area, with expansion to neighboring towns including Bridgeport and Phoenixville among the earliest.
Through acquisitions and organic growth, the bank’s footprint grew, stretching from Berks County in the west to Southern New Jersey in the east. In Philadelphia and along the Main Line, Royal Bank’s iconic branches and brand of customer service gained significant attention, attracting customers looking for a more personal banking experience. Throughout this time the bank worked to develop the deep connections to its communities which are evident today.
Royal Bank America and its employees continue this tradition through commitment to their communities and each other. Employees are encouraged to participate in volunteer activities, to serve on nonprofit boards and committees, and to mentor younger team members, the leaders of tomorrow. Each spring, the Bank rewards employees with additional time off if they participate in the day-long volunteer event known as Martin Luther King Day of Service. It is one of several volunteer experiences organized annually by the company.
A half century ago few could have predicted the dramatic changes that would affect how and where we bank. Royal Bank has kept pace with both technological advancements and customer demand by developing mobile and online banking tools. And by partnering with the AllPoint ATM Network, their customers gained the ability to manage their finances online anytime, anywhere. Through AllPoint, the Bank’s footprint expanded well beyond the Delaware Valley, with 55,000+ ATMs across the country and around the globe providing surcharge-free access to funds.
Whether in Narberth or Northeast Philadelphia, Villanova or King of Prussia, Royal Bank America is shaped by and will continue to evolve because of their passion to support their customers, co-workers, communities and shareholders.