Malvern Bank’s Annual Food Drive Results In Donation Of 195 Pounds Of Food To West Chester Food Cupboard

Press release from TriCounty Area Chamber of Commerce:

November 05, 2020

Bank customers and employees brought non-perishable foods to Bank branches from July through September - and the Bank made a cash donation matching the value of the food.

PAOLI, Pa., November 5, 2020 -- Malvern Bank, National Association (the "Bank", "Malvern"), the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ: MLVF), has donated 195 pounds of food – the result of the bank’s summer Food Drive – and a cash donation that matches the value of the food to the West Chester Food Cupboard. From July through September, Malvern Bank collected non-perishable food items from customers and employees. Malvern Bank is actively involved in the communities it serves, which is the hallmark of a true community bank.

“Malvern Bank is proud to contribute to the West Chester Food Cupboard during this time of great need in our community,” said Anthony C. Weagley, President and CEO of Malvern. “The Food Cupboard is a volunteer-run organization that provides a vital service to residents in Chester County.”

The West Chester Food Cupboard is one of the largest hunger relief agencies in Chester County.
“Thanks to the generous support of the community and businesses like Malvern Bank, we served 626 households a month and provided 1.2 million pounds of food and personal care items to those in need during the past year,” said Joseph Fratinardo, the West Chester Food Cupboard’s Board President.
Volunteers and community support are the keys to helping the Food Cupboard fulfill its mission.

“Malvern Bank has supported the West Chester Food Cupboard’s mission for years, and we are so grateful for their support,” said Fratinardo. “We could not help those in need without the support of our local community and businesses.”

Click here to learn more about Malvern Bank, National Association.

About Malvern Bancorp, Inc.

Malvern Bancorp, Inc. is the holding company for Malvern Bank, National Association, an institution that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank, National Association now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, Malvern Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect, and integrity.

Malvern Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its twelve other banking locations in Chester and Delaware counties, Pennsylvania, Morristown, New Jersey, its New Jersey regional headquarters, Palm Beach, Florida. The Bank also maintains representative offices in Wellington, Florida and Allentown, Pennsylvania. The Bank’s primary market niche is providing personalized service to its client base.

Malvern Bank, through its Private Banking division and a strategic partnership with Bell Rock Capital in Rehoboth Beach, Delaware, provides personalized wealth management and advisory services to high net worth individuals and families. These services include banking, liquidity management, investment services, 401(k) accounts and planning, custody, tailored lending, wealth planning, trust and fiduciary services, family wealth advisory services and philanthropic advisory services. The Bank offers insurance services though Malvern Insurance Associates, LLC, which provides clients a rich array of financial services, including commercial and personal insurance and commercial and personal lending.

This press release was produced by TriCounty Area Chamber of Commerce. The views expressed here are the author’s own.