February 7, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA), was announced concerning whether the takeover of Royal Bancshares of Pennsylvania, Inc. by Bryn Mawr Bank Corporation is unfair NASDAQ:RBPAA stockholders.

The investigation by a law firm concerns whether certain officers and directors of Royal Bancshares of Pennsylvania, Inc. breached their fiduciary duties owed to NASDAQ:RBPAA investors in connection with the proposed acquisition.

On January 31, 2017, Bryn Mawr Bank Corporation (Nasdaq:BMTC) (the Corporation), parent of The Bryn Mawr Trust Company (the Bank), announced that Bryn Mawr Bank Corporation has entered into an agreement and plan of merger (the Merger Agreement) to acquire Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA), parent company of Royal Bank America, in a transaction with an aggregate value of $127.7 million. Under the terms of the Merger Agreement, Class A shareholders of Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) will receive 0.1025 shares of the Corporations common stock for each share of Royal Bancshares of Pennsylvania, Incs Class A common stock and Class B shareholders of Royal Bancshares of Pennsylvania, Inc. will receive 0.1179 shares of the Corporations common stock for each share of Royal Class B common stock.

However, the investigation concerns whether the offer is unfair NASDAQ:RBPAA stockholders. More specifically, the investigation concerns whether the Royal Bancshares of Pennsylvania Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Royal Bancshares of Pennsylvania, Inc. (NASDAQ:RBPAA) closed on February 7, 2017, at $4.02 per share