Malvern Federal Savings Bank Paoli Pennsylvania

Ronald Anderson got the bank on the problem bank list for negligent commercial real lending and gets paid $242k to do it, not bad.

This place survived the Great Depression, will it survive Ronald Anderson?

Malvern Federal Savings Bank, Malvern Pennsylvania was founded in 1887.  The company is on the problem bank list for deficient commercial real estate lending.

Assets are $668MM and equity is $52M.

The problem loan portfolio is $20MM.

This high level of problem loans, could severely impact the equity base.

At least the executives pay themselves well.

Ronald Anderson   made $242k

Dennis Boyle            made $206k

Gerard McTear       made $149k

That is pretty good pay for wiping out 19% of the equity position and getting placed on the problem bank list.


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2 Responses to “Malvern Federal Savings Bank Paoli Pennsylvania”

  1. Says:

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