Tuesday, August 16th, 2016

Event Welcomed Malvern Federal Savings Bank to New Banking Offices in Morristown

Malvern Federal Savings Bank, the wholly owned subsidiary of Malvern Bancorp, Inc., held its ribbon cutting and opening reception at its new  New Jersey headquarters in Morristown on Aug. 10. Malvern President Anthony C. Weagley received proclamations from the Lieutenant Governor Kim Guadagno and from the Morris County Board of Freeholders, presented by Freeholders Doug Cabana and Tom Mastrangelo.

 

Scenes from the Malvern Bank Opening celebration, held at the Malvern Bank in 8/10/2016 Photo by Jerry McCrea

(l/r) President & CEO. Anthony C. Weagley; Board Chairman, Howard Kent; Freeholder Tom Mastrangelo; Freeholder Doug Cabana; CFO, Joseph D. Gangemi; Board Member, Norman Feinstein; Chief Lending Officer, William Boylan; Asst. To President, Ron Morales. (Photo by Jerry McCrea)

An opening reception was held at its 163 Madison Ave, Morristown, office to welcome Malvern’s New Jersey and New York client base. The reception was attended by more than 100 guests and state, local and county officials.

“With this opening, Malvern is solidifying its presence and, more importantly, setting our firm footprint in New Jersey, by bringing Malvern’s first class customer service into the State,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc. and Malvern Federal Savings Bank.

“We welcome Malvern to New Jersey and, especially to Morris County,” said Freeholder Tom Mastrangelo. “We are glad they have chosen the state’s premier county as the base for their New Jersey and New York operations.”

Malvern’s key executive appointment in New Jersey is William Boylan, senior vice president and chief lending officer for New Jersey and Pennsylvania. Boylan leads Malvern’s New Jersey team and is working to make the bank a success in the state.

Malvern’s new office features commercial lending and private banking teams.

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.

The bank conducts business from its headquarters in Paoli, Pa., a suburb of Philadelphia, as well as seven other financial centers located throughout Chester and Delaware counties, Pennsylvania, and now a private banking loan production headquarters office in Morristown.

For more information regarding Malvern, please visit: http://ir.malvernfederal.com or https://www.malvernfederal.com/