Malvern Bank donates ATM fees to nonprofits
PAOLI >> Four area nonprofit organizations have received donations from Malvern Bank, National Association.
The bank announced this week that it has begun donating monthly ATM fee revenue to local nonprofits on a quarterly basis. The first donations in the initiative — made to four area nonprofits — totaled $1,200.
“We at Malvern Bank embrace our role as a contributing member of our communities and try to find unique ways to give back to our communities’ business, cultural, social and philanthropic endeavors,” Anthony C. Weagley, president and CEO for Malvern, said in a statement. “The four organizations to which we’ve donated are vital parts of their communities. Likewise, our goal is to play an important role in the life of every community we serve, helping them to grow and prosper.”
The first recipients of the ATM fee revenue included:
• The Timothy School, Berwyn, $579 from the Berwyn branch office’s ATM receipts
• Royer-Greaves School for the Blind, Paoli, $200 from the Paoli branch office’s ATM receipts
• A Path to Hope, Downingtown, $219 from the Lionville branch office’s ATM receipts
• Malvern Arts, Malvern, $222 from the Malvern branch office’s ATM receipts
Patricia McLennan, senior vice president and director of Community Development for Malvern Bank said the company is committed to supporting local communities and provides banking products directed toward the unique needs of nonprofits.
“Through our Community Development efforts we support nonprofits through event sponsorships, foundation grants, networking and educational events, holiday food collections, back to school collections and book drives, and, most recently, ATM fees received,” she said, adding that she works to “engage local nonprofits and provide assistance
“Through our Community Development efforts we support nonprofits through event sponsorships, foundation grants, networking and educational events, holiday food collections, back to school collections and book drives, and, most recently, ATM fees received.” — Patricia McLennan, senior vice president and director of Community Development for Malvern Bank
to community members in need of support.”
McLennan said the recipients of the bank’s ATM fee donations will change on a quarterly basis.
Headquartered in Paoli, Malvern Bank has 12 additional banking locations in Chester, Delaware and Bucks counties, Morristown, N.J., Palm Beach, Fla. and Montchanin, Del. The bank also maintains representative offices in Wellington, Fla. and Allentown.