Malvern Federal Savings Bank, the wholly owned subsidiary of Malvern Bancorp, has revealed plans to open a private banking branch office in Villanova, Pennsylvania, at 801 East Lancaster Avenue.

The office will offer a wide range of services including savings, private banking, trust, wealth management and lending services.

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The bank said that the branch will be staffed by a registered investment advisor and retail and private banking professionals with years of financial services experience.

Anthony Weagley, president and CEO of Malvern Bancorp and Malvern Federal Savings Bank, said: "We have expanded Malvern’s presence in the region with the recent opening of a private banking/commercial lending division in New Jersey, and now, our new private banking office in Villanova.

"We offer consumers a superior, personalized banking experience, including banking by appointment, which enables customers to schedule a meeting with our financial professionals at a time that is convenient to them."

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