EXHIBIT 2.1
PLAN OF CONVERSION
OF
ROYAL SAVINGS BANK
AUGUST 18, 2004
i
TABLE OF CONTENTS
1. Introduction....................................................................................
2. Definitions.....................................................................................
3. General Procedure for Conversion................................................................
4. Total Number of Shares and Purchase Price of Conversion Stock...................................
5. Subscription Rights of Eligible Account Holders.................................................
6. Subscription Rights of the ESOP.................................................................
7. Subscription Rights of Supplemental Eligible Account Holders....................................
8. Subscription Rights of Other Voting Members.....................................................
9. Community Offering, Syndicated Community Offering and Other Offerings...........................
10. Limitations on Subscriptions and Purchases of Conversion Stock..................................
11. Timing of Subscription Offering, Manner of Exercising Subscription Rights and Order Forms.......
12. Payment for Conversion Stock....................................................................
13. Account Holders in Nonqualified States or Foreign Countries.....................................
14. Voting Rights of Stockholders...................................................................
15. Liquidation Account.............................................................................
16. Transfer of Deposit Accounts....................................................................
17. Requirements Following Conversion for Registration, Market Making and Stock Exchan