PAOLI, Pa., April 05, 2017 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc., (NASDAQ:MLVF) parent company of Malvern Federal Savings Bank, today announced that it has promoted William J. Boylan to Executive Vice President & Chief Lending Officer. Bill, who joined Malvern in August of 2015, heads up the Bank’s operations in New Jersey and oversees all aspects of Malvern’s lending business in Pennsylvania and New Jersey.

“Bill has consistently demonstrated the core values of Malvern since he joined us. As a member of the senior management team, Bill helps to develop and execute the strategic commercial lending activity and associated revenue growth strategies for Malvern. He is a key component and driver in expanding the commercial client platform,” said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Federal Savings Bank. “Bill is highly regarded as a lending executive. The Bank continues to expand the Malvern brand along Pennsylvania’s Main Line, Bucks County, PA and in our New Jersey markets.”

“The Morristown office has been overwhelming successful since its opening, attracting new clients in New Jersey and New York City,” Mr. Weagley commented.

Bill commented, “I am extremely excited about the future of Malvern and honored to serve in this executive role with the Company.”

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.