This post was contributed by a community member. The views expressed here are the author's own. Formerly called Royal Asian Bank, the bank catered to mostly Korean American customers but now hopes to increase its non-Korean customer base. The bank originally developed due to growing Korean investors from both South Korea and the U. But with more branches now in Palisades Park, Flushing N. But we want to change that and attract more non-Korean Americans, which we are in the process of doing.

James J. Shin has entered into an agreement to acquire Royal Asian Bank. The transaction is expected to be completed by the end of this year, pending regulatory approval. Waldman Law Group, P. Royal Bancshares of Pennsylvania, Inc. More information on Royal Bancshares of Pennsylvania, our banks and subsidiaries is available at www.

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The change was made partly because it no longer wanted to be identified with the struggling Royal and felt it needed to better connect with its Korean customer base. The Noah name has no significance to the Korean community. But Reinhard said it is symbolic. When Shin was organizing financing to buy the bank from Royal, he contacted Reinhard to help with financial analysis.