First Bank /
Malvern Bancorp, Inc.
First Bank completes merger with Malvern Bancorp
- Terms
- Not stated
- Stage
- Closed




What happened
First Bank completed its merger with Malvern Bancorp, Inc. on July 17, 2023. Malvern merged into FB Merger Subsidiary LLC, followed by Malvern Bank, National Association merging into First Bank.
Malvern shareholders received $7.80 in cash and 0.7733 shares of First Bank common stock for each share, subject to the merger agreement.
The source
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First Bank completes merger with Malvern Bancorp
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