Malvern Federal Swooping in to Hire Banking Professionals after BB&T Cuts

By

Business Briefs
Malvern Federal
CEO Anthony Weagley.

A local bank is rushing to cash in on top local talent by hiring the best employees cut loose in the wake of BB&T’s recent acquisitions of Susquehanna Bancshares and National Penn Bancshares.

Malvern Federal Savings Bank has scheduled job fairs for Tuesday, Sept. 29, in Malvern and Thursday, Oct. 8, in Wayne. The bank is specifically looking for “credit analysts, commercial lenders, business development officers and tellers,” according to an American Banker report.

“Recent acquisitions of other banks in the region have dislodged a number of talented bank employees, and Malvern Federal is in an excellent position to bring some of this talent on board,” CEO Anthony Weagley said in the article.

BB&T expects to close 25 National Penn branches and eliminate Susquehanna’s small business lending group, moves that could create more than 1,000 job seekers.

Read more about the job fairs in American Banker here, and check out VISTA Today’s previous coverage of the acquisitions and their implications for the 17 or more Chester County bank branches involved here.

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