Malvern Federal deters adverse local layoffs, sponsors job fairs for Pennsylvania banking professionals

Malvern Federal deters adverse local layoffs, sponsors job fairs for Pennsylvania banking professionals.
Malvern Federal deters adverse local layoffs, sponsors job fairs for Pennsylvania banking professionals.

In the face of demoralizing downsizing and branch closings at other local banks, Malvern Federal has stepped up its game by sponsoring proactive job fairs publicizing employment prospects, the company revealed Monday from Paoli, Pennsylvania.

Potentially thwarting unemployment for area financial professionals, the company recently held two job fairs in the communities of Malvern and Radnor.

Anthony Weagley, president and CEO of Malvern Federal Savings Bank and Malvern Bancorp, Inc., views the disruption positively — as an ideal opportunity to find top talent in the banking field — as well as to provide welcome relief for displaced banking staffers.

“Dozens of applicants came to the fairs, many with the skills we’re looking for to fill a variety of positions in our growing company,” Weagley said. “Malvern Federal is definitely in growth mode, and we’re building a high-energy team to help fuel that growth in eastern Pennsylvania and in New Jersey.”

Open positions, from credit analysts and commercial lenders to business development officers and tellers, are ready to be filled, he said.

Weagley cited Malvern Bancorp’s growth as factors in the hiring boom. The company’s fiscal year 2015 net income increased 310 percent per quarter when compared to 2014. Additionally, the bank opened a lending division in New Jersey in August.

Malvern Bancorp, Inc., is the holding company for Malvern Federal Savings Bank, an FDIC-insured savings bank founded in 1887 and one of the oldest banks headquartered on the Philadelphia Main Line.

Organizations in this story

Chester County Chamber of Business and Industry 1600 Paoli Pike Malvern, PA - 19355

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