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Malvern Bank Announces Appointment of Joseph McCullough as First Vice President, Commercial Lender

McCullough will be responsible for commercial lending along Philadelphia’s Main Line including Chester and Delaware counties.
 
PAOLI, Pa., August 25, 2021 – Malvern Bank, National Association (the “Bank” or “Malvern”), the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), announced the appointment of Joseph McCullough as First Vice President, Commercial Lender. In this role, McCullough will be responsible for meeting the commercial lending needs of Malvern Bank’s business customers along Philadelphia’s Main Line including Chester and Delaware counties, by soliciting new business from present and prospective customers and maintaining current business relationships. McCullough will report to Betty Silfa, Senior Vice President and Pennsylvania Senior Commercial Lender.
 
McCullough has more than a decade of banking experience, serving most recently as Group Vice President and Retail Market Area Manager for Bryn Mawr Trust. He also previously served as Vice President, Branch Manager at Bryn Mawr Trust and Vice President, Branch Manager at Citibank N.A.
 
Anthony C. Weagley, President and CEO of Malvern Bank, commented, “We are very pleased that Joe has joined the Malvern team. He has been a top-producing commercial lender and relationship manager for years and has successfully grown commercial portfolios through lending, deposits, and internal referrals. Joe is a great fit with Malvern Bank’s ‘Beyond Your Expectations TM’ culture.”
 
McCullough is a graduate of Cabrini College in Radnor, Pa.
 
About Malvern Bancorp, Inc.
 
Malvern Bancorp, Inc. is the holding company for Malvern Bank, National Association, an institution that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank, National Association now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, Malvern Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity.
 
Malvern Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its nine other banking locations in Chester and Delaware counties, Pennsylvania, Morristown, New Jersey, its New Jersey regional headquarters and Palm Beach Florida. The Bank also maintains representative offices in Wellington, Florida, and Allentown, Pennsylvania.  The Bank’s primary market niche is providing personalized service to its client base. 
 
Malvern Bank, through its Private Banking division and a strategic partnership with Bell Rock Capital in Rehoboth Beach, Delaware, provides personalized investment advisory services to individuals, families, businesses and non-profits. These 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 website at http://ir.malvernbancorp.com. For information regarding Malvern Bank, National Association, please visit our website at http://www.mymalvernbank.com

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