Malvern Bancorp – the parent company of Malvern Bank, National Association – has been named to the Philadelphia Business Journal’s 2019 list of the 76 fastest-growing companies in Greater Philadelphia.
The list was determined by revenue over a three-year period from 2016 through 2018. Malvern Bancorp placed 59th.
“Making the ‘Soaring 76’ list is an outstanding achievement for Malvern and a testament to our employees and our loyal client base,” said Anthony C. Weagley, CEO and President of Malvern Bancorp. “The hallmarks of our business have been to fulfill the financial needs of the people and businesses in the communities we serve by working hard to understand their goals; to be actively involved in our communities; and to return a fair and competitive profit to our shareholders.”
Every year, the Philadelphia Business Journal ranks the fastest-growing companies in the area based on Securities and Exchange Commission filings and honors them at an awards event where the ranking of each company is revealed.
Specifically, the rankings come from averaging the percent change in revenue from 2016 to 2017 and the percent change from 2017 to 2018. Companies must be headquartered in Greater Philadelphia, have no parent company, and have generated at least $750,000 in revenue in 2016 and at least $2 million in 2018 to qualify.
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