Royal Savings Bank

Royal Savings Bank was established in 1887 as the Royal Savings and Loan Association of Chicago. Over the years, it underwent several organizational and structural changes. On January 30, 1992, the institution changed its name to Royal Savings Bank and restructured from a mutual savings bank to a new organizational format. The bank's main office was relocated to 9226 South Commercial Avenue in Chicago, Illinois, on the same day. Royal Savings Bank transitioned to a stock savings bank on January 20, 2005. The bank expanded through acquisitions, notably acquiring Pna Bank in Chicago on September 30, 2015, Park Federal Savings Bank on April 30, 2016, and Washington Federal Bank for Savings on December 15, 2017, as part of a government-assisted merger. On January 31, 2022, Royal Savings Bank merged with Peoples Bank, located in Munster, Indiana, marking the end of its operations as an independent entity.

Below is a list of some important events in banks history, including mergers and acquisitions.

1887-01-01Institution established. Original name: Royal Savings and Loan Association of Chicago.

1992-01-30Changed Organization Type to Mutual Savings Bank.

1992-01-30Changed Institution Name to Royal Savings Bank.

1992-01-30Main Office moved to 9226 South Commercial Avenue, Chicago, IL 60617.

2005-01-20Changed Organization Type to Stock Savings Bank.

2015-09-30Acquired Pna Bank (28299) in Chicago, IL.

2016-04-30Acquired Park Federal Savings Bank in Chicago, IL.

2017-12-15Acquired Washington Federal Bank For Savings in Chicago, IL as part of a government assisted merger.

2022-01-31Merged and became part of Peoples Bank in Munster, IN.