Malvern Announces Opening of Representative Office

PAOLI, Pa., May 01, 2017 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF ) (the "Company"), parent company of Malvern Federal Savings Bank (“Malvern” or the “Bank”), today announced the opening of a new representative office at 205 Worth Avenue, Palm Beach.  “This is our initial location for gaining visibility and brand recognition in the region,” commented Anthony C. Weagley, President & CEO.  “Malvern offers a wide range of private banking and wealth management services delivered with exceptional client service that appeals to this marketplace and serves clients we have in both the Northeast and in Florida. 

Malvern’s Private Wealth Management provides customized wealth management solutions, including trust, investment management and brokerage services, to high net worth individuals and families, foundations, and endowments.  Malvern’s Wealth management partner, Bell Rock Capital, LLC is an SEC Registered Investment Advisor based in southern Delaware, with satellite offices in northern Delaware, Florida, Pennsylvania, New Jersey, and California.  Client assets are managed as Separately Managed Accounts, for high net worth individuals and families as well as banks and insurance companies.  The firm utilizes proprietary research as well as technology-driven investment tools to manage our accounts and conduct fundamental and technical analysis on the companies considered before investing.

Their 401(K) Advisory Services include the role of acting as an ERISA 3(38) and/or advisor on the Company plan including analyzing, monitoring, educating and making changes to the plan's investment selections. A member of the team has been awarded the Accredited Investment Fiduciary® (AIF®) designation, and the Professional Plan Consultant™ (PPC™) designation from fi360. These designations support the firms commitment to fiduciary excellence on behalf of our Company retirement plan clients and our firm.

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 Main Line. 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 nine other banking locations in Chester, Delaware and Bucks counties, Pennsylvania and Morristown, N.J., its New Jersey regional headquarters.  Its primary market niche is providing personalized service to its client base.  

The Bank, through its Private Banking division and strategic partnership with Bell Rock Capital in Rehoboth Beach, Del., 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, family wealth advisory services and philanthropic advisory services. The bank offers insurance services though Malvern Insurance Associates, LLC, which provides clients a rich array of financial services, including commercial and personal insurance and commercial and personal lending.

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 SVP & CFO (610) 695-3676 Investor Contact: Ronald Morales (610) 695-3646 Media Contact: Bronwyn Pait, Marketing (610) 695-3630