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Stilwell Group has terminated a standstill agreement reached with Malvern Bancorp in Paoli, Pa., saying it was no longer necessary after meeting with Malvern's new CEO, Anthony Weagley.
December 1 -
Malvern Bancorp in Paoli, Pa., has entered into a formal written agreement with the Office of the Comptroller of the Currency.
October 10
Dennis Boyle has resigned as treasurer and chief financial officer of Malvern Bancorp in Paoli, Pa.
Boyle left Malvern on Thursday to "pursue other opportunities," the company said in a press release. Anthony Weagley, Malvern's president and chief executive, has become interim CFO at the $542 million-asset company.
Malvern has seen its share of drama last year: It lost a CEO, activist investor Joseph Stilwell
Malvern also reached a
Stilwell, along with fellow activist PL Capital, have recently voiced support for Weagley, while easing up pressure on the company to sell itself.