Malvern Federal Savings Appoints Trevor W. Harrison Senior Vice President, Commercial Lender

PAOLI, Pa., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Malvern Federal Savings Bank , the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ:MLVF), today announced the appointment of Trevor W. Harrison as Senior Vice President and Commercial Lender, for Bucks county PA. In this position, Trevor will be responsible for managing, developing and expanding the bank's commercial loan portfolio.

"With more than 17 years of experience in banking and a history of involvement in our local business community, Trevor 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."

Prior to joining Malvern, Trevor held similar positions in corporate banking and commercial lending at Eagle National Bank/Physicians National Bank in Devon, Pa., and Univest Corp in Suderton, Pa. He is involved with and supported the Boy Scouts of America for 19 years in various roles, currently serving as Scoutmaster for a troop in Souderton Borough. Trevor is also been involved with various youth sports organizations in a couple of roles (mostly coach/assistant coach) for the past 18 years in the Souderton/Harleysville area as well.

About Malvern BancorpMalvern 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. GangemiSVP & CFO(610) 695-3676Investor Relations Contact:Ronald Morales(610) 695-3646Media Contact:Bronwyn Pait(610) 695-3630

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