0001065407-13-000382 Sample Contracts

STANDSTILL AGREEMENT
Standstill Agreement • October 16th, 2013 • Malvern Bancorp, Inc. • Savings institution, federally chartered • Pennsylvania

Joseph Stilwell said, “We are pleased that our nominee will be joining the Board and that the Company has agreed to take additional actions if its ROE levels in future periods are not better than average.”

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