Malvern Bancorp, Inc. to Commence Stock Offering of Between 2.3M and 3.1M Shares at $10 per Share

Malvern Federal Bancorp, Inc. ("Malvern Federal Bancorp") MLVF, announced today that Malvern Bancorp, Inc., a Pennsylvania corporation ("Malvern Bancorp-New") and the proposed holding company for Malvern Federal Savings Bank (the "Bank"), and Malvern Federal Mutual Holding Company have received conditional regulatory approval for Malvern Bancorp-New to commence its stock offering in connection with Malvern Federal Mutual Holding Company's proposed mutual-to-stock conversion. Additionally, the registration statement relating to the sale of common stock of Malvern Bancorp-New has been declared effective by the Securities and Exchange Commission.