Malvern Bancorp in Paoli, Pa., has named a new chief operating officer.
The $649 million-asset holding company for Malvern Federal Savings Bank promoted Karen Walter to the position, it said Tuesday.
Walter joined Malvern last year as a senior vice president. She previously worked for the $105 million-asset Inspire Federal Credit Union in Bristol, Pa., and for the First National Bank of Chester County in West Chester, Pa.
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Anthony Weagley is combining a new emphasis on wealth management with Malvern's reputation as a small-town community bank to bolster the Pennsylvania company's financial performance.
January 20 -
Bryn Mawr Bank in Pennsylvania reported a quarterly loss after terminating its pension plan.
January 22 -
Univest Corp. of Pennsylvania in Souderton has agreed to buy Fox Chase Bancorp in Hatboro, Pa., for $244.3 million.
December 9
Walter replaced Missy Orlando, who held the COO position for less than six months. Orlando left Malvern in May to become president the Anderson Group, a brand strategy and marketing firm,
Malvern has made a number of personnel moves in recent months, as Chief Executive Anthony Weagley
