Malvern Federal Savings Bank, the wholly owned subsidiary of Malvern Bancorp, announced the appointment of Stacy L. Valent as SVP and chief credit officer. In this role, she is responsible for the day-to-day oversight and administration of the Bank’s loan portfolio, including managing the loan review, compliance, collections and credit analysis functions.
Prior to joining Malvern, Valent was EVP and chief credit officer of Eagle National Bank based in Delaware County, PA. She also previously served as EVP and chief credit officer at Royal Bank America in Bala Cynwyd, PA, and VP, senior credit officer at QNB Bank in Quakertown, PA. She is a member of the Risk Management Association and the Pennsylvania Banker’s Association.
“Growing our lending business, particularly in the commercial environment, continues to be a priority for the new Malvern,” said Anthony C. Weagley, president and CEO of Malvern Bancorp and Malvern Federal Savings Bank. “Stacy is an important addition to our management team, as she has more than 20 years’ credit and lending experience with banks in southeastern Pennsylvania.”