CompletedFinancial Services17 July 2023

First Bank to acquire Malvern Bancorp, Inc.

Verified deal facts, source-backed narrative, and the Exit Mode founder lens for SME readers preparing to sell.

Deal facts

Buyer
First Bank
Target
Malvern Bancorp, Inc.
Deal value
Not disclosed
Announced
17 July 2023
Status
Completed
Sector
Financial Services
Country
United States
Consideration
cash, shares
What we know

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Deal timeline

1 update
  1. CompletedClosed

    First Bank completes acquisition of Malvern Bancorp, Inc.

    Item 2.01. Completion of Acquisition or Disposition On July 17, 2023, pursuant to the Agreement and Plan of Merger dated December 13, 2022, as amended (the “ Merger Agreement ”), by and among Malvern Bancorp, Inc. (“ Malvern ”), First Bank, FB Merger Subsidiary LLC, a wholly-owned subsidiary of First Bank (“ Merger Sub ”), and Malvern Bank, National Association (“ Malvern Bank ”), Malvern merged w

    Source

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Buyer history

First Bank

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Methodology

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