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United States

Malvern Bancorp Inc (MLVF.O)

MLVF.O on Consolidated Issue listed on NASDAQ Global Market

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30 Sep 2016
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Summary

Name Age Since Current Position

Howard Kent

68 2016 Independent Chairman of the Board

Anthony Weagley

54 2014 President, Chief Executive Officer of Company and Malvern Federal Savings Bank

Therese Woodman

63 2014 Independent Vice Chairman of the Board

Joseph Gangemi

35 2015 Chief Financial Officer, Senior Vice President, Secretary, IR Contact Officer

Karen Walter

46 2016 Chief Operating Officer

William Woolworth

50 2015 Senior Vice President, Chief Risk Officer

William Boylan

2016 Senior Vice President and Chief Lending Officer

Norman Feinstein

2016 Director

Cynthia Leitzell

2016 Director

John O'Grady

48 2014 Independent Director

Stephen Scartozzi

63 2010 Independent Director

George Steinmetz

54 2016 Independent Director

Biographies

Name Description

Howard Kent

Mr. Howard Kent is Independent Chairman of the Board of the Company. Mr. Howard Kent, who will assume the Chairman role effective immediately, has been a Director since 2015, and currently serves as the Chairman of the Loan and Discount Committee for the Bank. Mr. Kent formerly served as Director of Center Bancorp, Inc., and ConnectOne Bank, and also served as Chairman of Union Center National Bank. Mr. Weagley commented: "Mr. Kent's knowledge about, and experience in, the real estate investment and management business led the Board to tap his expertise in expanding the leadership in the Chairman position for the Bank." Howard Kent has been active in the real estate investment and management business for over 35 years. He currently serves as a principal and co-founder of Real Estate Equities Group, LLC, and as a principal of Real Estate Management Group, LLC., located in Englewood, New Jersey. From June 1975 to late 1978, Mr. Kent was an officer and principal stockholder of Asset Management and Service Corp., served as a corporate general partner for several limited partnerships and provided direct and supervisory management for approximately 2,000 apartment units in the New York and Washington D.C. metropolitan areas. In addition, he served as an individual general partner in several real estate partnerships. From September 1970 to June 1975, he was employed by a publicly owned real estate firm, ultimately serving as manager of accounting and an auditor for a national accounting firm. Mr. Kent currently serves on the Board of Directors of Vantage Health Systems, located in Dumont and Englewood, New Jersey and serves on the ADL Florida Region Advisory Council. He is a voting member of the American Institute of Economic Research, located in Great Barrington, Massachusetts. He formerly served on the Boards of the Jewish Federation of South Palm Beach County and the Jewish Federation of North Jersey. He has served as Chairman of the Board of Directors of American Investment Services, Inc.

Anthony Weagley

Mr. Anthony C. Weagley is President, Chief Executive Officer of Malvern Bancorp, Inc. and Malvern Federal Savings Bank from September 23, 2014. He is President and Chief Executive Officer of Center Bancorp, Inc. and Union Center National Bank from 2007 to June 2014. Mr. Weagley is recognized as a leader in the financial services industry with over 35 years of industry experience. Most recently he had served as President and Chief Executive Officer of Center Bancorp, Inc. and its wholly owned subsidiary Union Center National Bank, a $1.7 billion bank which was headquartered in Union, New Jersey, since 2007. Prior to 2007, Mr. Weagley served as Chief Financial Officer and in various other positions over a career of more than 30 years with Center Bancorp and Union Center National Bank.

Therese Woodman

Ms. Therese Woodman is an Independent Vice Chairman of the Board of Malvern Bancorp, Inc., since October 2014. She is Township Manager of East Whiteland Township since February 2001. Ms. Woodman brings a experience to the Board with respect to local community matters, particularly in the areas of planning and development, which makes her well qualified to serve as a Director.

Joseph Gangemi

Mr. Joseph D.Gangemi is Chief Financial Officer, Senior Vice President and Secretary of Malvern Bancorp, Inc. since May 26, 2015. Mr. Gangemi previously served as Treasurer/Investment Officer of the Company and the Bank from September 2014 to May 26, 2015. Prior thereto, Mr. Gangemi served as Senior Vice President, Corporate Secretary, Chief of Staff and head of Treasury at Union Center National Bank from 2004 to September 2014.

Karen Walter

Ms. Karen D. Walter is Chief Operating Officer of Malvern Federal Savings Bank, (Malvern) the wholly owned subsidiary of Malvern Bancorp, Inc. Prior to joining Malvern as Senior Vice President in 2015, Walter served as a consultant and Chief Operating Officer for Inspire Federal Credit Union in Bristol, Pa. Previously, she was Executive Vice President, Marketing & Retail at First National Bank of Chester County in West Chester, Pa. Walter also served as Executive Vice President, Director of Sales for Susquehanna Patriot Bank in Pottstown, Pa., where she received the Excellence in Leadership Award; as well as Vice President, Regional Sales Manager at Sovereign Bank in Wyomissing, Pa. Walter served on several committees within her career at numerous organizations, including asset/liability management, compliance and charitable donations. Walter is a former member of Make-A-Wish Foundation Northeasts board of directors. Walter received a bachelors degree from Florida State University along with studies in Master of Science and earned a Certificate in Marketing Strategies for Business Leaders from Cornell University.

William Woolworth

Mr. William Woolworth is Senior Vice President, Chief Risk Officer of Malvern Bancorp, Inc. since August 13, 2015. Mr. Woolworth also serves as Senior Vice President & Chief Risk Officer of the Holding Company since August 25, 2015. Previously, Mr. Woolworth was Senior Vice President and Director of Enterprise Risk Management, Chief Auditor and Chief Compliance Officer for Customers Bank, Phoenixville and Wyomissing, Pennsylvania from March 2010 to July 2015. Additionally, he was the Chief Risk Officer at First National Bank of Chester County, West Chester, Pennsylvania from 2007 to 2010 and the Director of Internal Audit for the Brokerage firm of Ferris, Baker Watts, Inc. Baltimore, Maryland from 2005 to 2007.

William Boylan

Norman Feinstein

Mr. Norman Feinstein is Director of the Company. Prior to joining Hampshire in 1998, Mr. Feinstein had been a practicing attorney for more than 25 years, specializing in real estate law. During his career he was a real estate owner and operator of commercial and residential properties and has served as President and Counsel to the New Jersey Apartment Association and was a Regional Vice President of the National Apartment Association. Mr. Feinstein currently serves on the Executive Committee of the Metropolitan Golf Association and its Foundation Board.

Cynthia Leitzell

Ms. Cynthia Felzer Leitzell is Director of the company. She has served as chairman of the board of the Chester Water Authority since 2012. She also served two four-year elected terms as Delaware County controller. Previously, she was a partner with Rudney Solomon Cohen & Felzer PC, a full-service accounting and auditing firm in located in Broomall, PA. Cindy is a member of the American Institute of Certified Public Accountants, the Pennsylvania Institute of Certified Public Accountants and the Government Finance Officers Association.

John O'Grady

Mr. John P. O'Grady is an Independent Director of Malvern Bancorp, Inc., since 2014. He has been the managing member and the portfolio manager and trader at Tucana Capital Management LLC since October 2007. Mr. O’Grady has also been the portfolio manager at both Renatus Investments and Renasco Investments since July 2011. Mr. O’Grady formed a real estate fund in 2009, which studied mispriced real estate assets listed for sale by banks. The fund also invested in small, mid-sized and large capitalization banks. Mr. O’Grady previously was employed in trading and investment banking in the global institutional fixed income market for 10 years with Merrill Lynch Peirce Fenner & Smith. Mr. O’Grady’s experience in investment banking and real estate as well as his past experience in real estate funds, investments and trading make him well qualified to serve as a Director.

Stephen Scartozzi

Mr. Stephen P. Scartozzi is an Independent Director of Malvern Bancorp, Inc. since 2010. He is President of The Hardware Center, Inc., Paoli, Pennsylvania since 2008.

George Steinmetz

Mr. George E. Steinmetz is Independent Director of the Company. He has served as Director since 2007. He is Owner, Matthews Paoli Ford, an automobile dealership, Paoli, Pennsylvania since 2002. Mr. Steinmetz’s background as a small business owner in the Bank’s market area position him as well qualified to serve as a Director.