PAOLI, Pa., Oct. 07, 2019 (GLOBE NEWSWIRE) -- Malvern Federal Charitable Foundation, the charitable arm of Malvern Bank, National Association, a wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ: MLVF), has announced the award of 14 grants to charitable, nonprofit organizations in its local markets totaling $105,000. The organizations were awarded grants at an event held at The General Warren Inne in Malvern on September 26. A nationally renowned authority on fund-raising then spoke to attendees about how to more effectively raise money for their charities.
The organizations receiving grants were:
“Collectively, these organizations provide vital services each year to hundreds of people in Southeastern Pennsylvania, northern New Jersey and Palm Beach County, Fla.,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc. and Malvern Bank, National Association. “Our grants are intended to assist these organizations in fulfilling their missions of helping our neighbors. Since its founding in 2008, the Foundation has awarded grants totaling more than $700,000 to organizations that improve the quality of life in our growing service area.”
After the grants were awarded, the nonprofit executives heard a presentation by Laura Fredricks, the founder and CEO of the Ask ® and author of several books including “Winning Words for Raising Money.” During her presentation, Fredricks shared strategies to help nonprofits and businesses raise money more effectively including her “10 Essential Characteristics of an Exceptional Asker.”
About Malvern Federal Charitable Foundation
Malvern Federal Charitable Foundation’s purpose is to promote charitable and educational activities within the markets which Malvern Federal Savings Bank has offices, supporting community organizations and other charitable causes that contribute to the quality of life in the local community.
About Malvern Bancorp, Inc.
Malvern Bancorp, Inc. is the holding company for Malvern Bank, National Association, a national bank that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank, National Association now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, Malvern Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity.
Malvern Bank conducts business from its headquarters in Paoli, Pa., a suburb of Philadelphia, and through its eight other banking locations in Chester, Delaware and Bucks counties, Pa., along with its New Jersey Regional Headquarters located in Morristown, N.J. and Private Client Offices in Palm Beach, Fla. and West Chester, Pa. The Bank also operates a representative office in Montchanin, Del. Its primary market niche is providing personalized service to its client base.
Malvern Bank, through its Private Client 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. These services include banking, liquidity management, investment services, 401(k) accounts and planning, custody, tailored lending, wealth planning, family wealth advisory services and philanthropic advisory services.
The Bank offers insurance services though Malvern Insurance Associates, LLC, a wholly owned subsidiary, 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 website at http://ir.MalvernBancorp.com. For information regarding Malvern Bank, National Association, please visit our website at http://www.MyMalvernBank.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., changes in federal and state tax laws, and changes in the securities markets. These risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2018. 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 Relations Contact:
Joseph Gangemi
(610) 695-3676
Communications Coordinator:
Ronald Morales
(610) 695-3646
Media Relations Contact:
David Culver
(610) 724-0954
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