Malvern Bancorp – the parent company of Malvern Bank, National Association – has been named a Winning “W” Company, a designation by 2020 Women on Boards for companies that have 20 percent or more of their board seats held by women.

Winning “W” Companies are cited in the national education and advocacy campaign’s Gender Diversity Index, which tracks the numbers of corporate board seats held by women among the Russell 3000 Index. As of 2018, the percentage of board seats held by women rose to 17.7 percent, up from 16.0 percent in 2017. By contrast, half of the Russell 3000 companies still have one or no women on their boards.

Malvern Bancorp’s eight-member board includes Cynthia Felzer Leitzell and Julia D. Corelli. Leitzell is a Partner and President of Leitzell & Economidis, a full-service CPA firm in Media. She has served as Chairman of the Board of the Chester Water Authority since 2012 and also served two four-year elected terms as Delaware County Controller.

Corelli is a Partner with Pepper Hamilton’s Corporate and Securities Practice Group and co-chairs its Private Fund Services Group. She has served the law firm as Vice Chair of its Executive Committee and is currently Co-Chair of its Commercial Department.

“The company has a strong commitment to diversity and inclusion, which must start at the top,” said Anthony C. Weagley, President and CEO of Malvern Bancorp. “We are proud of Cynthia’s and Julia’s leadership and contributions to our board and our communities.”

“We applaud Mr. Weagley and the board of Malvern Bancorp for engaging the diverse opinions and perspectives of both genders on their board,” said Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards. “Studies have shown that the varied perspectives of women are uniquely valuable to corporations and the challenges they face today.”

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