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Senior Management
Leonard S. Szwajkowski President & CEO
Leonard Szwajkowski, Chief Executive Officer and President of the Rand Royal Financial, Inc and Royal Savings Bank since October 4, 2007; Interim Chief Executive Officer of the Royal Financial, Inc and Royal Savings Bank from June 18, 2007 to October 4, 2007; previously Senior VP/CFO of the Royal Financial, Inc and Royal Savings Bank from April 2006 until October 4, 2007, and Senior VP Finance from February 2006 to April 2006; from May 2003 to February 2006, Vice President and CFO and Director of Sharlen Electric Co. in Chicago; from August 2000 to May 2003, Vice President - Strategic Planning of Advance Bank in Chicago; from April 2000 to August 2000, Financial Consultant - State of Illinois; from May 1979 to April 2000, Senior Vice President, CFO and director of East Side Bank and Trust Company in Chicago. Adjunct Professor - St. Xavier University in Chicago, 1999 to present.
Jodi A. Ojeda Senior VP & CFO
Jodi A. Ojeda has been named Senior Vice President and Chief Financial Officer of the Royal Financial, Inc. (the "Company") and the Royal Savings Bank (the "Bank") on January 3, 2008. Ms. Ojeda joined the Company and the Bank in August 2006 as Vice President and Controller. Prior thereto, Ms. Ojeda was Chief Financial Officer of Southeast Chicago Development Commission since January 2004 and, from September 2000 until April 2003, was Vice President and Controller of The Sharlen Group in Chicago. She was also previously the Controller of BankChicago from October 1991 until September 2000.
Ms. Ojeda is a Certified Public Accountant and is a graduate of Calumet College of St. Joseph’s in Hammond, Indiana with a degree in Accounting/Computer Science.
Board of Directors
James A. Fitch Jr. Chairman
Mr. Fitch serves as a Chairman of the Board of Royal Financial, Inc. and Royal Savings Bank since October 2007. Mr. Fitch has been appointed as director of Royal Financial, Inc. on August 13, 2007. He is co-founder, owner and President of Trinity Manufacturing Corporation, a contract manufacturer of cable assemblies, wiring harnesses, and electrical panel & box assemblies for original equipment manufacturers (OEM), distributors and electrical contractors serving a wide variety of applications, including military, aerospace, emergency service, telecommunications and construction. A 1977 graduate of the United States Military Academy at West Point, Mr. Fitch served as an Infantry Officer in the U.S. Army for 14 years, including service in Operation Desert Storm, for which he received the Bronze Star Medal for heroism in combat.
Following his military service, Mr. Fitch returned to Chicago to work in community banking, joining South Chicago Bank, a subsidiary of Advance Bancorp formerly headquartered in Lansing, Illinois, in 1991, and serving as President and Chief Executive Officer. In 1998, Mr. Fitch was also appointed and served as President and CEO of Advance Bank and Advance Bancorp, in addition to his role as President and CEO of South Chicago Bank (which was merged with Advance Bank in 1999), until the sale of Advance Bancorp to Charter One in April of 2003. Under Mr. Fitch’s leadership, Advance Bank grew from $450 million to $621 million in assets. During that time, Mr. Fitch oversaw initiatives that restructured the bank’s balance sheet (from a thrift to a commercial bank serving small business), improved service and profitability, and consolidated its operating structure.
Mr. Fitch has previously been active in numerous civic and charitable organizations in and around Chicago, including serving as Chairman of the Southeast Chicago Development Commission and Advocate Trinity Hospital Governing Council, President of South Chicago Health Care Foundation and First Vice Chairman of the Community Bankers Association of Illinois. Mr. Fitch currently resides with his wife, Nancy, in Bradenton, Florida.
John T. Dempsey
John T. Dempsey, Director of Royal Financial, Inc. and Royal Savings Bank since 1999. Investment portfolio manager, Barrington Asset Management, Inc., Chicago, Illinois, since 1992.
Roger L. Hupe
C. Michael McLaren
Mr. McLaren appointed as director of Royal Financial, Inc. and Royal Savings Bank on July 21, 2008. He is President of BPS Capital Management, Inc. located in Bloomington, Minnesota. BPS Capital specializes in financial institution balance sheet and risk management. Mr. McLaren is a graduate of the University of Illinois and holds a Bachelors degree in Finance. He is also a Chartered Life Underwriter. Mr. McLaren’s additional training includes various courses in funds management, pension planning and EDP audit training. Mr. McLaren served in the U.S. Army from 1968 thru 1971 and was awarded a commendation and a bronze star for his service in Vietnam.
Leonard S. Szwajkowski
Leonard Szwajkowski, Chief Executive Officer and President of the Rand Royal Financial, Inc and Royal Savings Bank since October 4, 2007; Interim Chief Executive Officer of the Royal Financial, Inc and Royal Savings Bank from June 18, 2007 to October 4, 2007; previously Senior VP/CFO of the Royal Financial, Inc and Royal Savings Bank from April 2006 until October 4, 2007, and Senior VP Finance from February 2006 to April 2006; from May 2003 to February 2006, Vice President and CFO and Director of Sharlen Electric Co. in Chicago; from August 2000 to May 2003, Vice President - Strategic Planning of Advance Bank in Chicago; from April 2000 to August 2000, Financial Consultant - State of Illinois; from May 1979 to April 2000, Senior Vice President, CFO and director of East Side Bank and Trust Company in Chicago. Adjunct Professor - St. Xavier University in Chicago, 1999 to present.