Malvern Federal Savings Bank Appoints Kim Arnold Vice President, Business Development and Private Banking

PAOLI, Pa., Jan. 11, 2016 (GLOBE NEWSWIRE) -- Malvern Federal Savings Bank, the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ:MLVF), today announced the appointment of Kim Arnold as vice president, business development & private banking. In this role, she will provide credit and wealth management solutions for high net worth individuals, helping them to preserve liquidity and achieve their investment goals.

“Kim is dedicated to providing her clients with the highest level of service and will utilize her many years of experience to aid our clients with their personal financial needs,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Federal Savings Bank. “She is a high energy individual and I feel confident that she will become a critical resource for our clients. We are fortunate to welcome her to our team.”

Prior to joining Malvern Federal, Arnold was Vice President, Retail Banking for Fulton Bank in Warrington, Pa. Previously, she was Vice President, Private Banking for Mellon Bank in Philadelphia.

Arnold is member of the Bucks County Community College Foundation board; past president of the Bucks County Opportunity Council; past chair of the Central Bucks Chamber Women in Business Committee; member of the Heritage Conservancy Business Committee; member of the Board of Sisters U; member of the advisory board for U Magazine; and member of the Rotary Club of Doylestown.

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 Federal 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, as well as seven other financial centers located throughout Chester and Delaware Counties, Pennsylvania. Its primary market niche is providing personalized service to its client base. The Bank focuses its lending activities on retail clients, commercial lending to small and medium-sized businesses, real estate developers and high net worth individuals.

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.

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