PAOLI, Pa., Jan. 07, 2016 (GLOBE NEWSWIRE) -- Malvern Federal Savings Bank, (“Malvern”) the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ:MLVF), today announced the appointment of Stacy L. Valent as the Bank’s Senior Vice President, Chief Credit Officer. In this role, she is responsible for the day-to-day oversight and administration of the Bank’s loan portfolio, including managing the loan review, compliance, collections and credit analysis functions.
“Growing our lending business, particularly in the commercial environment, continues to be a priority for the new Malvern,” said Anthony C. Weagley, president and CEO of Malvern Bancorp, Inc., and Malvern Federal Savings Bank. “Stacy is an important addition to our management team, as she has more than 20 years’ credit and lending experience with banks in southeastern Pennsylvania.”
Prior to joining Malvern, Valent was Executive Vice President and Chief Credit Officer of Eagle National Bank based in Delaware County, Pa. She also previously served as Executive Vice President and Chief Credit Officer at Royal Bank America in Bala Cynwyd, Pa., and Vice President, Senior Credit Officer at QNB Bank in Quakertown, Pa.
Valent earned a bachelor’s degree in business administration from Bucknell University and an MBA with a concentration in finance and economics from Lehigh University. She is a member of the Risk Management Association and the Pennsylvania Banker’s Association.
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 https://www.malvernfederal.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.