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42 East Lancaster Avenue
Paoli, PA 19301

Malvern Federal Savings Bank is headquartered in Paoli and is the 63rd largest bank in the state of Pennsylvania. It is also the 1,159th largest bank in the nation. It was established in 1887 and as of March of 2014, it had grown to 105 employees at 8 locations. Malvern Federal Savings Bank has a B+ health rating.

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Reviews (5)

Avoid Malvern Federal Bank In PA

Be aware of this bank.  I deposited $200 in 2009 at this bank.  And I never touched the account.  Today I found out I only have $60 in the account.  It turns out that they changed my account type without my consent and then start charging $10 a month "maintenance fee" for doing nothing on the account since 2011 and now they stole $140 from me just like that. 

If you want to lose money while you put money in a bank, this is the bank can make this happen. 

Awful bank, sneaking practice, and bad customer service all in one bank "Malvern Federal". 

If You Like Red Tape, Hassles, And The Run Around, This Is The Bank For You.

I have a sister with Downs Syndrome. I became her legal guardian when my mother died in 2010. They converted her burial passbook savings account in to a a burial on line savings account and started charging her account a $10 per month inactivity fee. I had to make several calls to get the fees taken off. They were paying a lousy .05% interest. I had to call several times again to get it converted into a burial CD. I had to call a VP at the bank to get the transaction processed and a copy of the CD. They had all the legal documents at that time. When I called for a statement a year later, they told me that I had to come in. I told them that I lived in Florida. They said I needed to send a letter requesting a copy of the CD balance statement. I convinced them to let me fax a letter. I faxed the letter. When I called in to confirm they had the letter, they said a supervisor had to OK them to fax me the statement. I then got a call saying I need to send some more documents. I am confused as to why I could open an account but now all of a sudden they couldn't send me a statement without an act of congress.

Definately A Bait And Switch Rate Bank; Website Is Horrid; Service Sucks; Holding

My wife and I thought we'd give a local bank a chance when looking for HELOC.  For years, we haven't had any brick-and-mortar / paper checking; we're both very happy ING Direct Electric Orange customers.  Needless to say, we haven't missed the nonsense of having to pay a bank to hold our money or the nickel and dime fees associated.  But we wanted a HELOC for home improvements, and Malvern Federal Savings seemed to have the best rates.

We opened the HELOC in April 2012, only after being promised that the 6 month teaser rate of prime -1% wouldn't start until our first withdrawal on the line.  Complete LIE and breech of contract.  We just withdrew for the first time 3 weeks ago in September, and surprise, surpise, the rate will go up 1% next month.  On top of that, the rate will go up another 1% if we don't use their checking account to make the payments; necessitating the rediculous "double hop" transfer:  ING -> Malvern Checking -> Malvern HELOC.  Yeah, all that so that Malvern can enjoy having $315 extra in their reserves for 2 days out of the month, brillant.

Stay far, far away.  We'll be closing the whole mess, both accounts, shortly, and seeking a lender who doesn't belong on the top of the list of deceptive, swindling banks...

So Outdated Bank, Good For 1900'S, Not Nowdays.

Very old bank, you can't get hold of anyone after hours. They charge you for everything, even getting a copy of your statement. You better off with any REAL bank, not this mickey mouse bank.

POOR Customer Service And Classic Bait & Switch Rates!

This bank is trying to the expense of customer service.

They offered a 2.%Money Market Account up until October 9, 2010--their Grand Opening!

When I went into their new bank on October 7th, I was informed that they no longer offer the 2.0%--we are coming out with a new rate...tomarrow.  When I asked to see the manager--she was no help. I wrote a letter to the Bank President to get an explanation---no reply....NIce Customer Service.

I have a relative who did get  the 2.0% Money Market Rate--he tells me the monthly statements do not include the earned interest in his balance--sloppy book work on the banks part.



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Malvern Federal Savings Bank had $5.65 million in non-current loans and owned real-estate with $66.71 million in equity and loan loss allowances on hand to cover it. This gives Malvern Federal Savings Bank a Texas Ratio of 8.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Malvern Federal Savings Bank decreased dramatically from 24.06% as of March 31, 2013 to 8.47% as of March 31, 2014, resulting in a positive change of 64.79%.This indicates that the balance sheet and financial strength for Malvern Federal Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Malvern Federal Savings Bank has decreased its total deposits by -$74.51 million, resulting in -13.85% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Malvern Federal Savings Bank has shown is poor.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Malvern Federal Savings Bank has $574.58 million in assets with $66.71 million in equity, resulting in a capitalization level of 11.61%, which is excellent.

Institution Statistics

FDIC Certificate #27861
Year Established1887
Primary RegulatorOCC
Assets and Liabilities
Assets$574.58 million
Loans$409.06 million
Deposits$463.33 million
Equity Capital$61.86 million
Loan Loss Allowance$4.85 million
Unbacked Noncurrent Loans$3.29 million
Real Estate Owned$2.36 million
Historic Data - March 2013
Assets$674.03 million
Equity Capital$83.44 million
Loan Loss Allowance$6.30 million
Unbacked Noncurrent Loans$3.29 million
Real Estate Owned$4.34 million
Profit Margin - Quarterly
Net Interest Margin2.79%
Return on Assets-0.29%
Return on Equity-2.72%
Interest Income$5.04 million

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Malvern Federal Savings Bank Savings Account Rates

0.05%--Malvern Youth Savings
0.05%$200-Statement Savings

Malvern Federal Savings Bank Money Market Rates

0.40%$250k-Business Star Money Market
0.30%$100k-Star Money Market

Malvern Federal Savings Bank Checking Account Rates

0.20%$100k-Premier Rewards Checking
0.05%$25k-Free Business Checking with Interest
0.05%$25k-Non Profit Checking

Malvern Federal Savings Bank CD Rates

1.25%$500-84 Month CD
1.25%$500-Business 84 Month CD
1.00%$500-60 Month CD
1.00%$500-Business 60 Month CD
0.95%$500-48 Month CD
0.95%$500-Business 48 Month CD
0.90%$500-36 Month CD
0.90%$500-Business 36 Month CD
0.60%$200k-14 Month CD Special
0.60%$200k-Business 14 Month CD Special
0.50%$500-24 Month CD
0.50%$500-Business 24 Month CD
0.30%$500-18 Month CD
0.30%$500-Business 18 Month CD
0.25%$500-12 Month CD
0.25%$500-Business 12 Month CD
0.10%$1k-6 Month CD
0.10%$1k-Business 6 Month CD
0.05%$1k-3 Month CD
0.05%$1k-Business 3 Month CD

Malvern Federal Savings Bank Locations
West Chester Branch100 Skiles BlvdWest Chester, PA 19382
100 West King Street Branch100 West King StreetMalvern, PA 19355
Rt 23 & 100 Branch1000 Ridge RoadPottstown, PA 19465
Pottstown Pike Branch109 North Pottstown PikeExton, PA 19341
Malvern Federal Savings Bank42 East Lancaster AvenuePaoli, PA 19301
West Uwchlan Avenue Branch537 West Uwchlan AvenueDowningtown, PA 19335
Lancaster Ave Branch650 Lancaster AveBerwyn, PA 19312
Concordville Branch940 Baltimore PikeGlen Mills, PA 19342