secwatch.observer — SEC 8-K summary
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Issuer:     MALVERN BANCORP, INC. (—)
CIK:        0001550603
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001437749-23-020011
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Bank completes acquisition of Malvern Bancorp for ~$129.7M; MLVF delisted
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- Acquisition completed July 17; Malvern shareholders receive $7.80 cash + 0.7733 FRBA shares per MLVF share.
- Total transaction value ~$129.7M; combined entity has ~$3.8B in assets.
- Malvern common stock delisted from Nasdaq; trading suspended before market open July 17.
- First Bank expands board by three seats, appointing Malvern directors Fish, Kent, and Leitzell.
- Malvern directors and executive officers cease; Malvern ceases to exist as separate entity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550603/000143774923020011/0001437749-23-020011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550603/000143774923020011/mlvf20230716_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer