Malvern Bank Looks To Open New Location

PAOLI, PA -- Malvern Federal Savings Bank is looking to expand its holdings to a branch in New Jersey, according to a press release on Monday.

The new Morristown banking center location will be at 163 Madison Avenue in the Morristown Plaza office complex. The Plaza is in close proximity to Interstate 287, Route 24 and Route 10, and the Convent train station is nearby.

“We are very excited about having a significant presence in Morristown and expect our new office to be operational in the second quarter of 2016,” explained Anthony C. Weagley, President and Chief Executive Officer. “The office will feature commercial lending and private banking teams. We expanded Malvern’s presence in the region last year with the appointment of William Boylan as head of our New Jersey commercial lending division.”

“When opened, our Morristown office will offer consumers a superior, personalized banking experience, including banking by appointment, which enables customers to schedule a meeting with our financial professionals at a time that is convenient to them,” said William Boylan, Senior Vice President & Chief Lending Officer – NJ Division, in another prepared statement.