The parent company of Malvern Federal Savings Bank has lost more than four decades of leadership as a result of the Jan. 1 resignation of its chief financial officer, senior vice president and treasurer, Dennis Boyle.

“Dennis has been a valued member of the bank management team for the past 40-plus years, and we appreciate his contributions to Malvern Federal,” President and CEO Anthony Weagley said in a Nasdaq report. “We wish him much success in his future endeavors.”

Boyle stepped down from his Malvern Bancorp positions to pursue other opportunities, the announcement stated. In his absence, Weagley will assume temporary CFO duties until a successor is selected.

Read the original Nasdaq article here.