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Malvern Federal Savings Appoints Kevin Guns Sr. Vice President, Corporate Banking

PAOLI, Pa., April 22, 2016 (GLOBE NEWSWIRE) -- Malvern Federal Savings Bank ("Malvern"), the wholly owned subsidiary of Malvern Bancorp, Inc. (Nasdaq:MLVF), today announced the appointment of Kevin Guns as Senior Vice President, Corporate Banking. In this position, Guns will be responsible for managing, developing and expanding the bank’s commercial loan portfolio.

“With more than 25 years of experience in banking and accounting and a history of involvement in our local business community, Kevin is an outstanding addition to our management team,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and of Malvern Federal Savings Bank. “He is an excellent fit with Malvern’s culture of growth and providing excellent service to clients along the Main Line and in New Jersey.”

Prior to joining Malvern, Guns held similar positions in corporate banking and commercial lending at Univest Bank and Trust Co. in West Chester, Pa., M&T Bank in Villanova, Pa., and DNB First in West Chester. He earned an MBA and a bachelor’s degree in accounting from Wilkes University. Guns attended ABA’s Stonier Graduate School of Banking and PBA’s Central Atlantic School of Commercial Lending. Guns is a member of the Risk Management Association and has been a member of the Main Line Chamber of Commerce, the Chester County Chamber of Business and Industry, the Chester County CII Council, the Chester County Economic Development Council, the Delaware County Chamber of Commerce, the Greater West Chester Chamber of Commerce and the Montgomery County Chamber of Commerce.

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 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, 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.

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.