Edward P. Shanaughy

Malvern Federal Bancorp, Inc. operates as holding company for Malvern Federal Savings Bank; a federally chartered FDIC insured savings bank. The Bank is primarily engaged in deposits from the general public and using those funds to invest in loans and investment securities. Its principal sources of funds are deposits, repayments of loans and investment securities, maturities of investments and interest-bearing deposits, other funds provided from operations and wholesale funds borrowed from outside sources such as the Federal Home Loan Bank of Pittsburgh. The Banks funds are primarily used for the origination of various loan types, including single-family residential mortgage loans, commercial real estate mortgage loans, construction and development loans, home equity loans and lines of credit and other consumer loans. The company was founded in May 2008 and is headquartered in Paoli, PA.

Part of First Bank (Hamilton, New Jersey), Malvern Bank NA is a financial institution based in Paoli, PA. The bank offers personal and business banking services, including checking and savings accounts, loans, and cash management services. In September 2017, Malvern Bank converted to First Bank's products and services, but continues to offer the same outstanding customer experience. Malvern Bank was founded in 1887 and prides itself on providing award-winning customer service and making local loan and management decisions. Anthony C. Weagley has been the CEO of the company since 2014.