Malvern Bancorp, Inc. hires New Executive for Publ

PAOLI, Pa., Dec. 05, 2016 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (Nasdaq: MLVF ) (the "Company"), parent company of Malvern Federal Savings Bank (the "Bank"), today announced that Malvern has recruited Patricia McLennan to join the organization in January of 2017, and serve as Senior Vice President and Director of Community Development  dealing specifically with Non-profits and Independent Schools. Pat will be working with the CEO and executive management team in handling and coordinating internal and external communications, initiatives aimed at advancing the Bank’s brand in that segment of the market.  Pat will also be working with the CEO to assist in forming an Advisory Board, which will be key in advancing the Bank’s image and visibility to the next level.

Pat comes to Malvern from Home of The Sparrow, where she served as Chief Executive Officer since August 2000. Previously she held the positions of Treasurer (1996-1998) and President (1998-2000) of the Board of Directors. Pat graduated from Widener University with a BS in Business Administration & she graduated as a summa cum laude, a member of Phi Kappa Phi national honor society and the Great Valley Regional Chamber of Commerce.

"I am extremely pleased to welcome Pat to the Malvern team," said Anthony C. Weagley, President & CEO. "Her experience and reputation in both the nonprofit and private sector is very impressive and her proven record of success.  We are excited to have Pat join our team as we expand our efforts to serve non-profit organizations and independent schools in the region.”

About Malvern Bancorp

Malvern Bancorp, Inc., is the holding company for Malvern Federal Savings Bank. Malvern Federal Savings Bank is a federally-chartered, FDIC-insured savings bank that was originally organized in 1887 and now serves as one of the oldest banks headquartered on the Philadelphia Mainline. For more than a century, Malvern has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity.

The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia and through its other 8 banking locations in Chester and Delaware County, Pennsylvania and Morristown NJ, its NJ regional headquarters. Its primary market niche is providing personalized service to its client base.  The Bank recently announced a new banking office in Quakertown PA, its first office Bucks County scheduled to open in the first quarter of 2017. 

The Bank, through its Private Banking division and strategic partnership with Bell Rock Capital, Rehoboth Delaware, provides personalized wealth management and advisory services to high net worth individuals and families. Our services include banking, liquidity management, investment services, 401(K) accounts and planning, custody, tailored lending, wealth planning, trust and fiduciary services, insurance, family wealth advisory services and philanthropic advisory services.

For further information regarding Malvern Bancorp, Inc., please visit our web site at http://ir.malvernfederal.com . For information regarding Malvern Federal Savings Bank, please visit our web site at http://www.malvernfederal.com .

Forward-Looking Statements

This press release contains certain forward looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Certain factors that could cause actual results to differ materially from expected results include changes in the interest rate environment, changes in general economic conditions, legislative and regulatory changes that adversely affect the business of Malvern Bancorp, Inc., and changes in the securities markets. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect changes in beliefs, expectations or events.

Investor Relations: Joseph D. Gangemi Corporate Investor Relations (610) 695-3676 Investor Relations Contact: Ronald Morales (610) 695-3646 Media Contact: Bronwyn Pait, Marketing (610) 695-3630