Activist investor calls truce with Main Line bank [Philly.com]

Malvern Bancorp Inc., Paoli-based owner of Malvern Federal Savings Bank, says it’s accepting John P. O’Grady as a new director, pushed onboard as a representative of activist investor Joseph Stilwell’s Stilwell Value Partners VI LP fund. “We’re here to help the bank,” Stilwell told me.

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