Malvern Bancorp, Inc. Enters into Consulting Agreement for Strategic Advisory Services

Malvern Bancorp, Inc. (NASDAQ_ MLVF)

PAOLI, PA — Malvern Bancorp, Inc. (NASDAQ: MLVF), the parent company of Malvern Bank, National Association, announced 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.

“Mr. Seidman is a seasoned veteran with extensive community banking experience. The Company will benefit significantly from his insights and network within the industry. We are very pleased to have Mr. Seidman join Malvern in this capacity and look forward to working with him as we continue to grow and strengthen the Company,” commented Anthony C. Weagley, President and Chief Executive Officer.

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