EXHIBIT
31.2




CERTIFICATION




I, Jodi
A. Ojeda, Chief Financial Officer of Royal Financial, Inc., certify
that:




1.           I
have reviewed this Quarterly Report on Form 10-Q of Royal Financial,
Inc.;




2.           Based
on my knowledge, this report does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not misleading
with respect to the period covered by this report;




3.           Based
on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the smaller reporting company
as of, and for, the periods presented in this report;
  4.           The
smaller reporting company’s  other certifying officer and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
over financial reporting (as defined in Exchange Act Rules 13a-15(f) and
15-d-15(f)) for the smaller reporting company and have:
  (a)           designed
such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the smaller reporting company, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being
prepared;
  (b)           designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;
  (c)           evaluated
the effectiveness of the smaller reporting company’s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and
  (d)           disclosed
in this report any change in the smaller reporting company’s internal control
over financial reporting that occurred during the smaller reporting company’s
most recent fiscal quarter (the smaller reporting company’s fourth fiscal
quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the smaller reporting company’s internal
control over financial reporting; and
  5.           The
smaller reporting company’s other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial reporting, to
the smaller reporting company’s auditors and the audit committee of the smaller
reporting company’s board of directors (or persons performing the equivalent
functions):
  (a)           all
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the smaller reporting company’s ability to record, process,
summarize and report financial information; and







(b)           any
fraud, whether or not material, that involves management or other employees who
have a significant role in the smaller reporting company’s internal control over
financial reporting.


ROYAL FINANCIAL,
      INC.Date:  November
      14, 2008
                    
                    /s/ Jodi
      A. OjedaJodi
      A. OjedaChief
      Financial Officer