Malvern Federal Savings Bank Appoints Karen Walter Chief Operating Officer

PAOLI, Pa., Jan. 26, 2016 -- Malvern Federal Savings Bank, (“Malvern”) the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ:MLVF), today announced the appointment of Karen Walter as Chief Operating Officer.

“With several executive appointments in recent weeks, we have assembled a dynamic and experienced management team here at Malvern,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Federal Savings Bank. “Karen is an outstanding addition as she brings nearly 20 years of diverse banking experience with responsibilities including operations, P&L, customer satisfaction, new product development, sales, branding and communications.”

Prior to joining Malvern as Senior Vice President in 2015, Walter served as a consultant and Chief Operating Officer for Inspire Federal Credit Union in Bristol, Pa. Previously, she was Executive Vice President, Marketing & Retail at First National Bank of Chester County in West Chester, Pa. Walter also served as Executive Vice President, Director of Sales for Susquehanna Patriot Bank in Pottstown, Pa., where she received the Excellence in Leadership Award; as well as Vice President, Regional Sales Manager at Sovereign Bank in Wyomissing, Pa. Walter served on several committees within her career at numerous organizations, including asset/liability management, compliance and charitable donations. Walter is a former member of Make-A-Wish Foundation Northeast’s board of directors.

Walter received a bachelor’s degree from Florida State University along with studies in Master of Science and earned a Certificate in Marketing Strategies for Business Leaders from Cornell University.

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, through its Private Banking division and strategic partnership with Bell Rock Capital, Rehoboth Delaware, 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.

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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