In The News


For Immediate Release:

Royal Banks of Missouri and Frontenac Bank Announce Plans for Merger

St. Louis-area banks to combine resources for better efficiencies, more product offerings

St. Louis, Missouri (Nov. 13, 2015)— Today two well-established community banks in the St. Louis region – Royal Banks of Missouri and Frontenac Bank – have announced plans to merge their operations.  The deal is expected to close in the second quarter of 2016, pending regulatory approvals. All of the existing bank branches will remain open, and will be branded as Royal Banks of Missouri. Royal has five locations in the metro area, and Frontenac has four.

            “Part of the beauty of this merger is that the geographic footprints for the two banks do not have significant overlap, so we are happy to say we will keep all nine branches open,” said Steve Baden, president of Royal Banks of Missouri. “We think clients of both banks will be pleased to know they will have more branches where they can do their banking.”

            Frontenac Bank has branches in Kirkwood, Frontenac, Earth City and St. Charles. Royal’s branches are in South St. Louis (St. Louis Hills), Glendale, University City, and Creve Coeur.

Baden said that combining the two banks makes sense on many levels. “Coming out of the Great Recession, federal regulations tightened on all banks, making it difficult for independent banks of our size to operate profitably. By merging Royal and Frontenac, we improve our economies of scale, and we can be more competitive,” he said.

Serving the business community is a key strength for both banks and Baden expects the merger to allow the bank to increase their business loan capabilities. “Because of the combined assets of the banks, we will be able to offer even more support for local business start-ups and expansions. As a community bank, helping local businesses thrive is an important part of our mission.”

Following the merger, Baden will continue in his role as president.  Frontenac Bank’s CEO and Chairman, Robert Roberson, will take on responsibility for financial and administrative functions.

Roberson welcomes the alliance and said the two banks are a good match. “Our banks have long had a similar culture and a shared vision for community bank leadership within our communities, together with a focus on client service,” Roberson said.  “I’m very pleased about this announcement and look forward to working closely with Steve for a smooth transition for both banks.”

Currently, Frontenac Bank has approximately $285 million in assets and Royal has approximately $415 million in assets.  After the merger, Royal Banks of Missouri is expected to be one of the ten largest locally-owned banks in the St. Louis region. It will be exceptionally well-positioned with $100 million in capital.

During the period before the merger is approved, clients of both banks will be able to access their credit and debit cards, and savings, checking and investment accounts just as before.  Frontenac Bank clients will be notified well in advance if their account numbers will change following the merger.

The combined bank will have a board of directors consisting of members from the boards of both banks.

Sandler O'Neill + Partners, LP, acted as financial advisor to Royal in this transaction and Polsinelli, PC, acted as legal advisor.  For Frontenac, Sheshunoff acted as financial advisor and Lewis Rice, LLC, acted as legal advisor.


About Royal Banks of Missouri

Locally owned and operated, Royal Banks of Missouri is the wholly owned subsidiary of Royal Bancshares, Inc, a bank holding company headquartered in University City, Missouri. Established in March 1964 by a group of local businessmen, Royal Banks of Missouri offers a full range of banking services to individuals and business clients in the St. Louis metropolitan area. The bank has five locations in the St. Louis area and provides a full range of products and services online. As of Nov. 1, 2015, the bank had $415 million in assets.  More information can be found at

About Frontenac Bank

Frontenac Bank was established as a St. Louis community bank in 1999, and is a subsidiary of Frontenac Bancshares, Inc. The bank is committed to helping residential clients, commercial clients, and their local communities grow and prosper by providing customized banking solutions to meet their financial needs.  With deep resources and wealth management knowledge, Frontenac Bank strives to serve all families and businesses in their communities of St. Charles, Earth City, Frontenac, Kirkwood, and beyond.  As of Nov. 1, 2015, the bank had $285 million in assets.  More information can be found at

Robert Roberson & Steven Badel 

PHOTO:  Frontenac Bank CEO Robert Roberson, left, and Steve Baden, president of Royal Banks of Missouri. 



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