Royal Financial, Inc. (RYFL)

Overview

Royal Financial, Inc., through its subsidiary Royal Savings Bank, provides an extensive array of commercial and retail banking services tailored to meet the needs of both individual customers and businesses. Established in Chicago in 1887, the company has cultivated a long-standing reputation for delivering quality financial services. Since becoming a subsidiary of Finward Bancorp on January 31, 2022, Royal Financial has continued to enhance its offerings while maintaining a strong physical presence in Illinois. Operating nine branches in Illinois, including seven in Chicago, and additional loan production offices in Homewood and St. Charles, Royal Financial is well-positioned to serve its diverse clientele.

Products and Services

• Deposit Accounts

  Royal Savings Bank provides a variety of deposit accounts designed to suit different financial needs, including savings accounts, NOW accounts, non-interest-bearing checking accounts, money market accounts, and time deposits. Additionally, the bank offers individual retirement accounts (IRAs) and certificates of deposit (CDs) to help customers save for the future.

• Loan Products

  The bank extends a robust selection of loan products catering to both personal and business needs. This includes mortgages for one-to-four family and multi-family properties, commercial real estate loans, business loans, and home equity financing options, ensuring accessibility to necessary funding for various purposes.

• Cash Management Services

  Royal Financial offers tailored cash management services designed to streamline the financial operations of businesses. These services facilitate better cash flow management and financial efficiency.

• Online Banking

  With the increasing demand for convenience, Royal Savings Bank provides an online banking platform that enables customers to manage their accounts, make transactions, and access banking services anytime and from anywhere, enhancing customer experience.

• Mobile Banking

  The bank's mobile banking application allows users to perform various banking activities directly from their smartphones, providing a convenient and efficient banking solution for customers on the move.