PAOLI, Pa., Jan. 13, 2017 (GLOBE NEWSWIRE) — Malvern Bancorp, Inc. (Nasdaq:MLVF) (the “Company”), parent company of Malvern Federal Savings Bank (the “Bank”), today announced that it is reintroducing its insurance subsidiary, Malvern Insurance Associates, LLC. The company will offer commercial insurance; life, health and long-term care insurance; and fixed annuities in its traditional Philadelphia Main Line geography and from its new offices in Morristown, N.J., and Quakertown, Pa. The Quakertown office, which will serve customers in Bucks and Montgomery counties and the Lehigh Valley, is expected to open in the first quarter of 2017.
“Malvern Insurance Associates will offer a customer-focused and highly personalized service to our clients,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Federal. “With the reintroduction of our insurance subsidiary, Malvern now provides clients a rich array of financial services including commercial and personal insurance, commercial and personal lending, private banking, wealth management and investment advisory services and more.”
Malvern Insurance Associates, LLC, headquarters will be at 42 E. Lancaster Ave, Suite 102, Paoli, PA.
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 other eight banking locations in Chester and Delaware 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 recently announced a new banking office in Quakertown, Pa., its first office in Bucks County, which is scheduled to open in the first quarter of 2017.
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, 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.
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. GangemiSVP & CFO(610) 695-3676Investor Contact:Ronald Morales(610) 695-3646Media Contact:Bronwyn Pait, Marketing(610) 695-3630