Malvern in Pennsylvania to Partner with Wealth Management Firm

By Colin Wilhelm January 12, 2015, 10:17 a.m. EST 1 Min Read

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CFO Resigns at Pennsylvania's Malvern Bancorp

Dennis Boyle has resigned as treasurer and chief financial officer of Malvern Bancorp in Paoli, Pa.

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Second Activist Investor Throws Support Behind New Malvern Chief

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.

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December 1
Community banking

Malvern Enters Formal Agreement with OCC

Malvern Bancorp in Paoli, Pa., has entered into a formal written agreement with the Office of the Comptroller of the Currency.

By Colin Wilhelm

October 10

Malvern Bancorp in Paoli, Pa., has entered a partnership with Bell Rock Capital in Delaware to offer wealth management services.

The $542 million-asset company said in a press release Monday that Bell Rock an investment adviser will provide wealth management products and services to Malvern's customers around Philadelphia.

Malvern has been the subject of activist shareholder pressure in the past year, as PL Capital and Joseph Stilwell pushed the company to sell itself. Those firms dialed back the pressure after Malvern hired a new chief executive.

Malvern is also operating under a regulatory order from the Office of the Comptroller of the Currency.

Colin Wilhelm

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