8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 1, 2008

ROYAL FINANCIAL, INC.

(Exact name of Registrant as specified in its charter)

____________________________

Delaware	000-51123	20-1636029
(State or other jurisdiction of incorporation)	(Commission file number)	(I.R.S. employer identification no.)
9226 South Commercial Avenue Chicago, IL		60617 (Zip Code)
(Address of principal executive offices)

Registrant’s telephone number, including area code:  (773) 768-4800

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.  Regulation FD Disclosure.

On April 1, 2008, Royal Savings Bank, a subsidiary of Royal Financial, Inc. (the “Company”), announced its plans to close its branch located at 17130 Torrence Avenue in Lansing, Illinois on Monday, June 30, 2008.  A copy of the press release relating to the Bank’s announcement is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Note: the information in this report (including the exhibit) is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.  This report will not be deemed a determination or an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

Item 9.01.                      Financial Statements and Exhibits.

  (d) Exhibits.

Exhibit	Description
99.1	Press Release dated April 1, 2008.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ROYAL FINANCIAL, INC.
	(Registrant)
Date:  April 1, 2008	By:	/s/ Leonard Szwajkowski
		Name:  Leonard Szwajkowski
		Title:  President and Chief Executive Officer

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INDEX TO EXHIBITS

Exhibit
99.1	Press Release dated April 1, 2008.

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EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

Contact:  Mr. Leonard Szwajkowski

President and CEO

Telephone:  (773) 768-4800

ROYAL SAVINGS BANK ANNOUNCES CLOSURE OF LANSING, ILLINOIS BRANCH

Chicago, IL, April 1, 2008 — Royal Savings Bank, a subsidiary of Royal Financial, Inc. (OTC Bulletin Board:  RYFL.OB) (the “Company”), today announced plans to close its branch located at 17130 Torrence Avenue in Lansing, Illinois on Monday, June 30, 2008.

“While Royal has enjoyed a strong presence in Lansing and its surrounding communities, the decision to close the branch was due primarily to a shrinking customer base in that location given our customers’ clear preference to bank at our other, recently established nearby locations in Frankfort, Illinois and Schererville, Indiana,” said Leonard Szwajkowski, President and Chief Executive Officer.

No staff layoffs are expected as a result of the closure.  The Company estimates that the Bank will recognize a cost savings of approximately $35,000 per month as a result of the branch closing.  A one-time charge to earnings of approximately $125,000 is expected in fiscal year 2008 as a result of the closure.

Royal Savings Bank offers a range of checking and savings products, a full line of home and personal loans and commercial lending solutions.  Royal Savings Bank has been operating continuously in the south and southeast communities of Chicago since 1887, and currently has two branches in southern Chicago, two branches in the south suburbs of Chicago, and one branch in Northwest Indiana.

Special Note Regarding Forward-Looking Statements

Statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, fluctuations in market rates of interest and loan and deposit pricing in the Company’s market areas; deterioration in asset quality due to an economic downturn in the greater Chicago metropolitan area; legislative or regulatory changes; changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board; adverse developments in the Company’s loan or investment portfolios; slower than anticipated growth of the Company’s business or unanticipated business declines; the Company’s ability to pursue a sale of the Company, if at all, or the ultimate value to be recognized in the event of a sale; the ultimate outcome or the conclusions of the pending investigation; higher than expected operational costs including professional fees and expenses incurred in connection with the investigation; the effect of the investigation or the costs incurred in connection therewith on the Company’s financial condition or results of operations; demand for loan products; deposit flows; competition; and changes in accounting principles, policies, and guidelines.  These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.  The Company assumes no obligation to update publicly any of these statements in light of future events unless required under the federal securities laws.