Malvern Federal Savings Bank Appoints Alexander Opiela III, Chief Operations Officer

PAOLI, Pa., Jan. 30, 2017 (GLOBE NEWSWIRE) -- Malvern Federal Savings Bank (the “Bank” or “Malvern”), the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ:MLVF), today announced it has appointed Alexander Opiela III, Chief Operations Officer replacing Karen Walter.

“He is highly regarded as a motivated professional and we believe Alex is an outstanding addition to the team bringing over 12 years of diverse banking experience,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Federal Savings Bank.

Prior to joining Malvern, Alex served as the Senior Vice President, Chief Risk and Compliance Officer, for Royal Bank America. Alex has served on several committees within his career at numerous organizations, including Asset Liability Management, Compliance, ERM and CRA. Alex is a Board Member of the Philadelphia Chapter of the Risk Management Association (RMA) and a member of the Scranton Club and Association of Certified Anti-Money Laundering Specialist.

Alex received a Master of Business Administration from Rider University and a bachelor’s degree from Gannon 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 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 other eight banking locations in Chester and Delaware 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 recently announced a new banking office in Quakertown, Pa., its first office in Bucks County, which is scheduled to open in the first calendar quarter of 2017.

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 through 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.

Investor Contact: Joseph D. Gangemi Corporate Investor Relations (610) 695-3676 Investor Relations Contact: Ronald Morales (610) 695-3646 Media Contact: Bronwyn Pait (610) 695-3630

Source:Malvern Bancorp, Inc.