[Congressional Record Volume 153, Number 157 (Wednesday, October 17, 2007)]
[Extensions of Remarks]
[Pages E2166-E2167]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             MALVERN FEDERAL SAVINGS BANK 120TH ANNIVERSARY

                                 ______
                                 

                            HON. JIM GERLACH

                            of pennsylvania

                    in the house of representatives

                      Wednesday, October 17, 2007

  Mr. GERLACH. Madam Speaker, I rise today to honor the Malvern Federal 
Savings Bank as it celebrates its 120th Anniversary this year. Malvern 
Federal Savings Bank, first known as the Malvern and Duffryn Mawr 
Building and Loan Association, opened its doors in 1887 at King Street 
and Warren Avenue in Malvern, PA. The Bank moved to new locations on 
Malvern's King Street in both 1938 and 1955, and to nearby Paoli in 
1957. The Bank headquarters, which underwent an extensive renovation in 
2004, remains in Paoli today. The institution has continued to expand 
through the opening of multiple financial centers and today has offices 
in Paoli, Berwyn, Malvern, Westtown, Lionville, Exton and South 
Coventry.
  The community bank has dedicated itself through the years to 
fulfilling the financial needs of people and businesses throughout 
Chester County, Pennsylvania and the surrounding areas. For 120 years, 
Malvern Federal Savings Bank has remained a mutual savings bank owned 
by its depositors, thus ensuring that it always meets the needs of the 
community first. The Bank prides itself on staying active in the 
community, donating time and funds to numerous local events and 
fundraisers each year, as a way to give back to residents and 
businesses that have been supportive for so many decades.
  Ron Anderson currently serves as the Bank's president and chief 
financial officer and F. Claire Hughes, Jr. as the chairman. Malvern 
Federal Savings Bank is one of the oldest banks based in Chester County 
and continues to offer numerous services to its customers and 
community.

[[Page E2167]]

  I know all my colleagues join me today in congratulating the Malvern 
Federal Savings Bank as it celebrates its 120th Anniversary and 
continues its proud tradition of community involvement, business 
excellence, and superior customer service.

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