MALVERN BANK DONATES ATM FEES TO NONPROFITS
Malvern Bank recently donated revenue from monthly ATM fees to four area nonprofits. The donation is a continuation of a program launched earlier this year by Malvern Bank to donate the revenue to local nonprofits on a quarterly basis.
Based on Malvern’s first quarter ATM revenues, the donation totaled $894.
“At times like this — during the coronavirus pandemic — we at Malvern Bank believe it is especially important to not only ‘buy local’ to support our community, but to ‘give local,’ too,” Anthony C. Weagley, Malvern Bank’s president and CEO, said in a press release. “The four organizations to which we’ve donated represent the best of our community — supporting local tourism and entertainment; providing for the safety of our citizens and animals; and stimulating and encouraging a variety of art forms. We are proud to help these organizations to achieve their missions, and we encourage others in the community to support our local institutions.”
“At times like this during the coronavirus pandemic — we at Malvern Bank believe it is especially important to not only ‘buy local’ to support our community, but to ‘give local,’ too.” — Anthony C. Weagley, Malvern Bank’s president and CEO
The organizations that received first quarter ATM revenue are:
• Valley Forge Park Alliance, $408 from the Berwyn branch office’s ATM receipts.
• The Paoli Fire Company, $129 from the Paoli branch office’s ATM receipts.
• To Love a Canine (TLC), $192 from the Lionville branch office’s ATM receipts.
• Malvern Arts in Malvern, $165 from the Malvern branch office’s ATM receipts.
“For the remainder of the year, Malvern Bank is identifying those organizations that need assistance with COVID as part of our focus to support the community in as many ways as we can,” Weagley added.
Malvern Bancorp Inc. is the holding company for Malvern Bank, National Association, an institution that was originally organized in 1887 as a federallychartered savings bank. 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.