PAOLI, Pa., Sept. 26, 2017 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ:MLVF) (the “Company”), parent company of Malvern Federal Savings Bank (“Malvern” or the “Bank”), is pleased to announce that it has been named to the exclusive Sandler O’Neill + Partners L.P. “2017 Bank & Thrift Sm-All Stars” list as a top performing publicly traded Bank in the nation.
Sandler O’Neill evaluated 404 publicly traded banks and thrifts with a market capitalization below $2.5 billion and identified the 29 top performing small-cap banks and thrifts in the nation. In announcing the Sm-All Stars, Sandler O’Neill’s Principal & Director of Research, Mark Fitzgibbon said, “In all, our screening methodology eliminated 93% of the institutions of banks and thrifts that trade on a major exchange. The performance metrics of the remaining 29 institutions are outstanding, with the Class of 2017 delivering bottom line results that are markedly better than the industry as a whole.”
“Malvern is honored to be recognized on the Sm-All Stars list,” said Anthony C. Weagley, President and Chief Executive Officer. “Malvern prides itself on its strength, stability and ability to provide consistent performance. Our team has been focused on transforming Malvern over the last several years to what we are today. The financial performance has aided in our ability to expand to key markets and provide the superior service to our clients that we are regarded for,” added Mr. Weagley.
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 nine other banking locations in Chester, Delaware and Bucks counties, Pennsylvania and Morristown, N.J., its New Jersey regional headquarters. The company also recently announced a new representative office in Palm Beach, Florida and Montchanin, DE. 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 in Rehoboth Beach, DE, provides personalized wealth management and advisory services to high net worth individuals and families. Bell Rock Capital’s 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 though 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.
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