Malvern Federal Announces Appointment of Hillary Dobbs as Associate Private Banker in New Palm Beach, FL. Representative Office

PAOLI, Pa., May 23, 2017 -- Malvern Bancorp, Inc. (NASDAQ:MLVF) (the "Company"), parent company of Malvern Federal Savings Bank (“Malvern” or the “Bank”), today announced the appointment of Hillary Dobbs as Associate Private Banker in its new Palm Beach, FL., representative office. The office offers a wide range of private banking, customized wealth management and advisory services including trust, investment management and brokerage services, to high net worth individuals and families, foundations, and endowments. The Palm Beach office, announced on May 1^st 2017, is Malvern Federal’s first banking office in Florida.

Dobbs, a graduate of Harvard University with a degree in government, most recently served as hunt seat coach for the University of South Carolina’s equestrian team, one of the nation’s strongest collegiate equestrian programs. She is one of the world’s most accomplished equestrians, having won 31 International Grand Prix show jumping events. Dobbs has won four gold and silver medals representing the United States in international team competition, and she placed sixth at both the 2008 Olympic Trials and 2010 World Equestrian Games Trials. Dobbs is the daughter of Lou Dobbs, anchor of Fox Business Network’s Lou Dobbs Tonight.

“Hillary is an outstanding addition to our Palm Beach staff,” said Anthony C. Weagley, President and CEO of Malvern Bancorp and Malvern Federal Savings Bank. “She is committed to providing the superior, personalized banking experience for which Malvern has become known. Our services include banking by appointment, which enables customers to schedule a meeting with Malvern’s financial professionals at a time that is convenient for them.”

Malvern Federal has banking locations in Pennsylvania, New Jersey and Florida. Its wealth management partner, Bell Rock Capital, LLC, offers its financial expertise to clients in each of these offices. The firm is an SEC Registered Investment Advisor based in southern Delaware, with satellite offices in 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. Bell Rock Capital 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.

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 also recently announced a new representative office in Palm Beach Florida.

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. 

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