reports
First Bank and Malvern Bancorp, Inc. Complete Merger
First Bank and Malvern Bancorp, Inc. Complete Merger Expanded Presence in Highly Desirable New York City to Philadelphia Corridor HAMILTON, N.J. and PAOLI, Pa., July 17, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced that its acquisition of Malvern Bancorp, Inc. (Nasdaq Global Market: MLVF) was completed before the open of business on July 17, 2023. The combined stock and cash transaction was valued at approximately $129.7 million and will expand First Bank’s footprint in the highly desirable New York City to Philadelphia corridor. The consolidated a...
First Bank and Malvern Bancorp, Inc. Announce Receipt of Regulatory Ap...
First Bank and Malvern Bancorp, Inc. Announce Receipt of Regulatory Approvals for Strategic Combination HAMILTON, N.J. and PAOLI, Pa., July 06, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) and Malvern Bancorp, Inc. (Nasdaq Global Market: MLVF), the parent company of Malvern Bank, National Association (“Malvern Bank”), today announced receipt of regulatory approvals from the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance and the Pennsylvania Department of Banking and Securities, as well as non-objection from the Board of Govern...
Malvern Bancorp, Inc. Reports First Fiscal Quarter Operating Results
Malvern Bancorp, Inc. Reports First Fiscal Quarter Operating Results PAOLI, Pa., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the first fiscal quarter ended December 31, 2022. Net income amounted to $1.9 million, or $0.25 per fully diluted common share, compared with a net income of $2.0 million, or $0.27 per fully diluted common share, for the first fiscal quarter ended December 31, 2021. Annualized return on average assets (“ROAA”) was 0....
Malvern Bancorp, Inc. Reports Fourth Quarter and Fiscal Year End Opera...
Malvern Bancorp, Inc. Reports Fourth Quarter and Fiscal Year End Operating Results PAOLI, Pa., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the fourth fiscal quarter and year ended September 30, 2022. Net income amounted to $2.6 million, or $0.34 per fully diluted common share, compared with a net loss of ($6.2) million, or ($0.82) per fully diluted common share, for the quarter ended September 30, 2021. Annualized return on average assets ...
Malvern Bancorp, Inc. Reports Third Fiscal Quarter Operating Results
Malvern Bancorp, Inc. Reports Third Fiscal Quarter Operating Results PAOLI, Pa., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the third fiscal quarter ended June 30, 2022. Net income amounted to $1.8 million, or $0.24 per fully diluted common share, compared with $1.6 million, or $0.21 per fully diluted common share, for the quarter ended June 30, 2021. Annualized return on average assets (“ROAA”) was 0.69% for the quarter ended June 30, 20...
Malvern Bancorp, Inc. Reports Second Quarter Operating Results
Malvern Bancorp, Inc. Reports Second Quarter Operating Results PAOLI, Pa., May 10, 2022 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the second fiscal quarter ended March 31, 2022. Net income amounted to $522,000, or $0.07 per fully diluted common share, compared with $2.2 million, or $0.30 per fully diluted common share, for the quarter ended March 31, 2021. Annualized return on average assets (“ROAA”) was 0.18 percent for the quarter ended March 31, 20...
Malvern Bancorp, Inc. Announces Appointment of Sandra G. M. Selzer as ...
Malvern Bancorp, Inc. Announces Appointment of Sandra G. M. Selzer as Executive Vice President, General Counsel PAOLI, Pa., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), has announced the appointment of Sandra G. M. Selzer as Executive Vice President, General Counsel. In this role, Sandra will be overseeing the legal function of the Company and the Bank. “Sandra has an extensive and strong professional background, including in real estate. We are thrilled to have her join the ...
Malvern Bancorp, Inc. Reports First Quarter Operating Results
Malvern Bancorp, Inc. Reports First Quarter Operating Results PAOLI, Pa., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the first fiscal quarter ended December 31, 2021. Net income for the quarter ended December 31, 2021 amounted to $2.0 million, or $0.27 per fully diluted common share, compared with $2.3 million, or $0.30 per fully diluted common share, for the quarter ended December 31, 2020. Annualized return on average assets (“ROAA”) wa...
Malvern Bancorp, Inc. Reports Fourth Quarter and Fiscal Year End 2021 ...
Malvern Bancorp, Inc. Reports Fourth Quarter and Fiscal Year End 2021 Operating Results PAOLI, Pa., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the fourth fiscal quarter ended September 30, 2021. The Company recorded a net loss of ($6.2) million, or ($0.82) per fully diluted common share, compared with a net loss of ($3.5) million, or ($0.46) per fully diluted common share, for the quarter ended September 30, 2020. The increase in net loss...
Malvern Bancorp, Inc. to Record Loan Write Down in Fourth Fiscal Quart...
Malvern Bancorp, Inc. to Record Loan Write Down in Fourth Fiscal Quarter PAOLI, Pa., Nov. 05, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (the “Company”) (Nasdaq: MLVF), the holding company for Malvern Bank, National Association (the “Bank”), announced that it completed a sale to a single investor of certain problem loans. Specifically, the Company sold three loans with a book balance of $29.3 million with a write down of approximately $10.4 million. The loans sold included approximately $12.2 million of non-accruing loans and $17.1 million of performing troubled debt restructurings. T...
Malvern Bank Announces Appointment of Jeffrey Steigerwalt as Executive...
Malvern Bank Announces Appointment of Jeffrey Steigerwalt as Executive Vice President, Managing Director of Private Banking Steigerwalt will be responsible for expanding Malvern Bank’s private banking, lending, and niche marketing efforts PAOLI, Pa., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Malvern Bank, National Association (the “Bank” or “Malvern”), the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ: MLVF), announced the appointment of Jeffrey Steigerwalt as Executive Vice President, Managing Director of Private Banking. In this role, Steigerwalt will be responsible for expanding M...
Malvern Bancorp, Inc. Reports Third Fiscal Quarter 2021 Operating Resu...
Malvern Bancorp, Inc. Reports Third Fiscal Quarter 2021 Operating Results PAOLI, Pa., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the third fiscal quarter ended June 30, 2021. Net income amounted to $1.6 million, or $0.21 per fully diluted common share, compared with net income of $1.5 million, or $0.19 per fully diluted common share, for the quarter ended June 30, 2020. The increases in net income and diluted earnings per share from the t...
Malvern Bancorp, Inc. Reports Second Quarter 2021 Operating Results
Malvern Bancorp, Inc. Reports Second Quarter 2021 Operating Results PAOLI, Pa., May 10, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the second fiscal quarter ended March 31, 2021. Net income amounted to $2.2 million, or $0.30 per fully diluted common share, compared with net income of $1.9 million, or $0.25 per fully diluted common share, for the quarter ended March 31, 2020. The increases in net income and diluted earnings per share from the secon...
Malvern Bancorp, Inc. Reports First Quarter 2021 Operating Results
Malvern Bancorp, Inc. Reports First Quarter 2021 Operating Results PAOLI, Pa., March 10, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the first fiscal quarter ended December 31, 2020. Net income for the quarter ended December 31, 2020 amounted to $2.3 million, or $0.30 per fully diluted common share, compared with net income of $785,000, or $0.10 per fully diluted common share, for the quarter ended December 31, 2019. The increases in net income and...
Malvern Bancorp, Inc. Enters into Consulting Agreement for Strategic A...
Malvern Bancorp, Inc. Enters into Consulting Agreement for Strategic Advisory Services PAOLI, Pa., March 04, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (“Malvern”), is pleased to announce that the Company has entered into a consulting agreement with Lawrence B. Seidman, who has agreed to provide capital markets and financial analysis advisory services to the Company. Mr. Seidman is the founder and manager at Seidman & Associates, LLC. and has more than 30 years of financial services experience. ...
Malvern Bancorp, Inc. Announces Receipt of Nasdaq Letter and Reschedul...
Malvern Bancorp, Inc. Announces Receipt of Nasdaq Letter and Rescheduling of Its Annual Meeting of Shareholders PAOLI, Pa., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association, today announced that it received a notification letter on February 23, 2021 from The Nasdaq Stock Market (“Nasdaq”). The notification letter stated that because the Company has not yet filed its Form 10-Q for the first fiscal quarter end December 31, 2020 (the “Form 10-Q”), and therefore remains delinquent in filing its For...
Malvern Bancorp, Inc. Reports Additional Impairment to Previously Anno...
Malvern Bancorp, Inc. Reports Additional Impairment to Previously Announced Impaired Loan and Anticipated Filing of Amended 10-K PAOLI, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association, today announced an additional impairment with respect to a previously announced impaired commercial real estate loan. As reported in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on January 29, 2021 (the “10-K”), the Company partially charged-off a $13.5 millio...
Malvern Bancorp, Inc. Announces Receipt of Nasdaq Letter and Restated ...
Malvern Bancorp, Inc. Announces Receipt of Nasdaq Letter and Restated Financials to be Included in its 10-K PAOLI, Pa., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association, today announced that it received a notification letter on January 14, 2021 from The Nasdaq Stock Market (“Nasdaq”). The notification letter stated that because the Company has not yet filed its Form 10-K for the fiscal year end September 30, 2020 (the “Form 10-K”), and therefore remains delinquent in filing its Form 10-K, the C...
Malvern Bancorp, Inc. Reports Fourth Quarter and Fiscal Year End 2020 ...
Malvern Bancorp, Inc. Reports Fourth Quarter and Fiscal Year End 2020 Operating Results PAOLI, Pa., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the fourth fiscal quarter and fiscal year ended September 30, 2020. Net income for the quarter ended September 30, 2020 amounted to $2.2 million, or $0.30 per fully diluted common share, compared with net income of $2.7 million, or $0.35 per fully diluted common share, for the quarter ended Septemb...
Malvern Bancorp, Inc. Reports Third Fiscal Quarter 2020 Results
Malvern Bancorp, Inc. Reports Third Fiscal Quarter 2020 Results PAOLI, Pa., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (“Malvern” or the “Bank”), today reported operating results for the third fiscal quarter ended June 30, 2020. Net income for the quarter ended June 30, 2020 amounted to $1.5 million, or $0.19 per fully diluted common share, compared with net income of $2.7 million, or $0.35 per fully diluted common share, for the quarter ended June 30, 2019. The decreases in net income ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.