Malvern Bancorp, Inc. and Malvern Federal Savings Bank announced that at its Board meeting on March 31, 2016, the Corporation named Cynthia Felzer Leitzell (Cindy) to the boards of directors of Malvern Bancorp, Inc. and Malvern Federal Savings Bank effective immediately. Cindy is a partner and president of Leitzell & Economidis PC. Cindy was appointed to fill the vacancy created by the resignation of Ralph K. Packard from the boards of the company and the Bank, which was effective as of March 17, 2016.

While Cindy was appointed to serve until the expiration of Mr. Packard's elected term in 2019. Cindy was also appointed chair of the audit committee of the Company's board of directors.