PAOLI, Pa., Jan. 05, 2016 (GLOBE NEWSWIRE) -- Malvern Federal Savings Bank, (“Malvern”) the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ:MLVF), today announced the appointment of Sally Lawson as senior investment adviser for the Bank as part of her role as a Managing Director /Senior Investment Adviser with Bell Rock Capital, LLC, (“Bell Rock”) the strategic partner of Malvern’s. In hiring Lawson, Malvern continues the expansion of its wealth management offerings. Sally will be based out of the Bank’s new Villanova location as well as the Bank’s New Jersey private banking offices to be located in Morristown. This addition comes as part of the expansion of the strategic partnership announced in 2014 with Bell Rock Capital, an SEC-Registered Investment Adviser firm headquartered in Delaware with satellite offices in New Jersey, Pennsylvania and Florida.
“Malvern’s clients will benefit greatly from Sally’s experience and customer service acumen,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Federal Savings Bank. “She is adept at guiding individuals through today’s complex investment choices. Equally important, her addition brings an on the ground presence to our partnership with Bell Rock so that we have daily physical presence to service private banking clients on our wealth management platform.”
Cassandra Toroian, President and CEO of Bell Rock Capital added, “I am so pleased we have been able to add Sally to our team of investment professionals that can assist both Malvern and Bell Rock service clients who are seeking investment guidance and hands on customer service. She fits perfectly into Bell Rock’s existing model of being available for clients whenever they need us.”
Prior to joining Malvern Federal, Lawson was vice president and manager of an investment office in New Jersey. In that role she was program manager and a key decision maker, responsible for all aspects of client development and customer acquisitions.
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 and a private Banking Loan Production office in Morristown, New Jersey. 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.
About Bell Rock Capital, LLC
We are a client-focused SEC Registered Investment Adviser (RIA) providing investment portfolio management services to high net worth individuals and selected institutions. All client assets are managed in separately managed accounts (SMAs) and held in custody at Schwab Institutional, or a custodian of the client’s choice. We utilize our own proprietary research as well as technology-driven investment tools to manage our accounts and conduct fundamental and technical analysis on the companies we consider before investing. Our mission is to deliver returns consistent with client goals. Registration as an investment adviser does not imply a certain level of skill or training. Use of RIA as an abbreviation is not an indication of a designation or certification. For more information please visit www.bellrockcapital.com.
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.
Investor Contact: Joseph D. Gangemi SVP & CFO (610) 695-3676 Media Contact: David Culver, VP Public Relations BTC Marketing (610) 254-7426
Source:Malvern Bancorp, Inc.