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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
filed with the Securities and Exchange Commission on September 30, 2015 </FONT></p>
<BR>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Registration
No. 333-__________</FONT></P><BR>

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    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>SECURITIES
    AND EXCHANGE COMMISSION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Washington,
    D.C.&nbsp;&nbsp;20549</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>FORM
    S-8</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>REGISTRATION
    STATEMENT</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>UNDER
    THE SECURITIES ACT OF 1933</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Malvern
                                         Bancorp, Inc.</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(exact
    name of registrant as specified in its charter)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Pennsylvania</B></FONT></P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>45-5307782</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(State
                                         or other jurisdiction of</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">incorporation
        or organization)</FONT></P></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(IRS
    Employer Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>42
                                         East Lancaster Avenue </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Paoli,
        Pennsylvania 19301</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(610)
        644-9400</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Address,
                                         including zip code, and telephone number,</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">including
        area code, of registrant&rsquo;s principal executive offices)</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Malvern
                                         Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Full
    Title of the Plan)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>Copies
    to:</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Anthony
    C. Weagley </B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Hugh
    T. Wilkinson, Esq.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Chief
    Executive Officer and President</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Kenneth
    B. Tabach, Esq.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Malvern
    Bancorp, Inc.</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Silver,
    Freedman, Taff &amp; Tiernan LLP</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>42
    East Lancaster Avenue</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>3299
    K Street, N.W., Suite 100</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Paoli,
    Pennsylvania 19301</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Washington,
    DC 20007</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(610)
    644-9400</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(202)
    295-4500</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Name,
    address, including zip code, and telephone number, including area code, of agent for service)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Indicate
    by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
    reporting company.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Large
    accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accelerated
    filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-
    accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;(Do not check if a smaller reporting company)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Smaller
    reporting company&nbsp;&nbsp;&nbsp;&#9746;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>&nbsp;</U></B></FONT></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>CALCULATION
OF REGISTRATION FEE</U></B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 21%; text-align: left; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title
    of Securities to be Registered</FONT></TD>
    <TD STYLE="width: 3%; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amount
    to be Registered <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Proposed
    <BR>
    Maximum Offering Price Per Share</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Proposed
    Maximum Aggregate Offering Price</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 16%; text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amount
    of<BR>
    Registration Fee</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Common Stock, $.01 par value</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">400,000 shares<SUP>(2)</SUP></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$15.45<SUP>(3)</SUP></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$6,180,000<SUP>(3)</SUP></FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$718.12</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 6%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD>
    <TD STYLE="width: 94%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Together with an indeterminate number of additional
    shares which may be necessary to adjust the number of shares reserved for issuance pursuant to the Malvern Bancorp, Inc. (the
    &ldquo;Company&rdquo; or the &ldquo;Registrant&rdquo;) 2014 Long-Term Incentive Compensation Plan (the &ldquo;Plan&rdquo;)
    as a result of a stock split, stock dividend or similar adjustment of the outstanding common stock, par value $0.01 per share
    (&ldquo;Common Stock&rdquo;), of the Company.</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Represents shares currently reserved for issuance pursuant to the
    Plan.</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Estimated solely for the purposes of calculating the registration
    fee in accordance with Rules 457(c) and 457(h)(1) promulgated under the Securities Act.&nbsp; The Proposed Maximum Offering
    Price Per Share is equal to the average of the high and low prices of the Common Stock on September 28, 2015 as reported by
    the Nasdaq Stock Market.</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>This Registration Statement shall become effective
immediately upon filing in accordance with Section 8(a) of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;),
and 17 C.F.R. &sect;230.462.</B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>PART
I</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
1.&#9;Plan Information.*</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
2.&#9;Registrant Information and Employee Plan Annual Information.*</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Information
                                         required by Part I to be contained in the Section 10(a) prospectus is omitted from the
                                         registration statement in accordance with Rule 428 under the Securities Act and the &ldquo;Note&rdquo;
                                         to Part I on Form S-8.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>PART
II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following documents filed or to be filed with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) are incorporated
by reference in this registration statement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         Company&rsquo;s Annual Report on Form 10-K for the year ended September 30, 2014;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
                                         reports filed by the Company pursuant to Sections 13(a) or 15(d) of the Securities Exchange
                                         Act of 1934 (the &ldquo;Exchange Act&rdquo;), since the end of the fiscal year covered
                                         by the financial statements in the Form 10-K referred to in clause (a) above;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
                                         description of the Common Stock contained in Registrant&rsquo;s Form 8-K, as filed with
                                         the Commission pursuant to Rule 12g-3(a) of the Exchange Act for the registration of
                                         the Common Stock under the Exchange Act on October 11, 2012 (File No. 000-54835); and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
                                         documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the
                                         Exchange Act after the date hereof and prior to the filing of a post-effective amendment
                                         which indicates that all securities offered have been sold or which deregisters all securities
                                         then remaining unsold.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Any
statement contained in this registration statement, or in a document incorporated or deemed to be incorporated by reference herein,
shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained
herein, or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein, modifies
or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this registration statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
4.&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Common Stock to be offered pursuant to the Plan has been registered pursuant to Section 12(b) of the Exchange Act.&nbsp;&nbsp;Accordingly,
a description of the Common Stock is not required herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
5.&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">None.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
6.&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Article
VI of the Registrant's Bylaws provides as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
                                         in Third Party Actions</U>. The Corporation shall indemnify any person who was or is
                                         a party or is threatened to be made a party to any threatened, pending or completed action,
                                         suit or proceeding, whether civil, criminal, administrative or investigative (other than
                                         an action by or in the right of the Corporation) by reason of the fact that the person
                                         is or was a director or officer of the Corporation, or is or was serving at the request
                                         of the Corporation as a director, officer or representative of another corporation, partnership,
                                         joint venture, trust or other enterprise, against expenses (including attorneys&rsquo;
                                         fees), judgments, fines and amounts paid in settlement, actually and reasonably incurred
                                         by the person in connection with such threatened, pending or completed action, suit or
                                         proceeding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
in Derivative Actions</U>. The Corporation shall indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action, suit or proceeding by or in the right of the Corporation to procure a judgment
in its favor by reason of the fact that the person is or was a director or officer of the Corporation, or is or was serving at
the request of the Corporation as a director, officer or representative of another corporation, partnership, joint venture, trust
or other enterprise, against expenses (including attorneys&rsquo; fees), judgments, fines and amounts paid in settlement, actually
and reasonably incurred by the person in connection with such threatened, pending or completed action or suit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Procedure
for Effecting Indemnification</U>. Indemnification under Sections 6.1 or 6.2 shall be automatic and shall not require any determination
that indemnification is proper, except that no indemnification shall be made in any case where the act or failure to act giving
rise to the claim for indemnification is determined by the court in which the action was brought or by any other appropriate court
to have constituted willful misconduct or recklessness.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Advancing
Expenses</U>. Expenses incurred by a person who may be indemnified under Section 6.1 or 6.2 shall be paid by the Corporation in
advance of the final disposition of any action, suit or proceeding upon receipt of an undertaking by or on behalf of such person
to repay such amount if it shall ultimately be determined by a court of competent jurisdiction that he or she is not entitled
to be indemnified by the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification
of Employees, Agents and Other Representatives</U>. The Corporation may, at the discretion and the extent determined by the Board
of Directors of the Corporation, (i) indemnify any person who neither is nor was a director or officer of the Corporation but
who is or was a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative (and whether brought by or in the right of the Corporation), by reason
of the fact that the person is or was an employee, agent or other representative of the Corporation, against expenses (including
attorneys&rsquo; fees), judgments, fines and amounts paid in settlement, actually and reasonably incurred by the person in connection
with such threatened, pending or completed action, suit or proceeding and (ii) pay such expenses in advance of the final disposition
of such action, suit or proceeding, upon receipt of an undertaking of the kind described in Section 6.4.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Rights</U>. The indemnification and advancement of expenses provided by or pursuant to this Article VI shall not be deemed exclusive
of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any insurance or other
agreement, vote of shareholders or directors, or otherwise, both as to actions in their official capacity and as to actions in
another capacity while holding an office, and shall continue as to a person who has ceased to be a director, officer, employee,
or agent and shall inure to the benefit of the heirs, executors, and administrators of such person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance</U>.
The Corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a director, officer,
employee, director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise,
against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person&rsquo;s
status as such, whether or not the Corporation would have the power to indemnify such person against such liability under the
provisions of this Article VI.</FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Security
Fund; Indemnity Agreements</U>. By action of the Board of Directors (notwithstanding their interest in the transaction), the Corporation
may create and fund a trust fund or fund of any nature, and may enter into agreements with its officers, directors, employees,
and agents for the purpose of securing or insuring in any manner its obligation to indemnify or advance expenses provided for
in this Article VI.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Modification</U>. The duties of the Corporation to indemnify and to advance expenses to any person as provided in this Article
VI shall be in the nature of a contract between the Corporation and each such person, and no amendment or repeal of any provision
of this Article VI, and no amendment or termination of any trust fund or other fund created pursuant to Section 6.8 hereof, shall
alter to the detriment of such person the right of such person to the advancement of expenses or indemnification related to a
claim based on an act or failure to act which took place prior to such amendment, repeal, or termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Proceedings
Initiated by Indemnified Persons</U>. Notwithstanding any other provision in this Article VI, the Corporation shall not indemnify
a director, officer, employee, or agent for any liability incurred in an action, suit, or proceeding initiated by (which shall
not be deemed to include counter-claims or affirmative defenses) or participated in as an intervenor or amicus curiae by the person
seeking indemnification unless such initiation of or participation in the action, suit, or proceeding is authorized, either before
or after its commencement, by the affirmative vote of a majority of the directors then in office.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Savings
Clause</U>. If this Article VI or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction,
then the Corporation shall nevertheless indemnify each director, officer, employee, and agent of the Corporation as to costs,
charges, and expenses (including attorneys&rsquo; fees), judgments, fines, and amounts paid in settlement with respect to any
action, suit, or proceeding, whether civil, criminal, administrative, or investigative, including an action by or in the right
of the Corporation, to the fullest extent permitted by any applicable portion of this Article VI that shall not have been invalidated
and to the fullest extent permitted by applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If
the laws of the Commonwealth of Pennsylvania are amended to permit further indemnification of the directors, officers, employees,
and agents of the Corporation, then the Corporation shall indemnify such persons to the fullest extent permitted by law. Any repeal
or modification of this Article VI by the Board of Directors or the shareholders of the Corporation shall not adversely affect
any right or protection of a director, officer, employee, or agent existing at the time of such repeal or modification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Federal Deposit Insurance Act (the &ldquo;FDI Act&rdquo;) provides that the FDIC may prohibit or limit, by regulation or order,
payments by any insured depository institution or its holding company for the benefit of directors and officers of the insured
depository institution, or others who are or were &ldquo;institution-affiliated parties,&rdquo; as defined under the FDI Act,
in order to pay or reimburse such person for any liability or legal expense sustained with regard to any administrative or civil
enforcement action which results in a final order against the person. FDIC regulations prohibit, subject to certain exceptions,
insured depository institutions, their subsidiaries and affiliated holding companies from indemnifying officers, directors or
employees from any civil money penalty or judgment resulting from an administrative or civil enforcement action commenced by any
federal banking agency, or for that portion of the costs sustained with regard to such an action that results in a final order
or settlement that is adverse to the director, officer or employee.</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
7.&nbsp;&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">None.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
8.&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
following exhibits are filed with or incorporated by reference into this registration statement on Form S-8 (numbering corresponds
generally to the Exhibit Table in Item 601 of Regulation S-K).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.75pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No.</FONT></P></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 91%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.75pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Form
    of Common Stock certificate(1)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Opinion
    of Silver, Freedman, Taff &amp; Tiernan LLP&nbsp;&nbsp;as to the legality of the securities</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent
    of Silver, Freedman, Taff &amp; Tiernan LLP (contained in the opinion included as Exhibit 5.0)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent of BDO
    USA, LLP</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.3</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent of Baker
    Tilley Virchow Krause, LLP</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Power
    of attorney for any subsequent amendments (contained in the signature page)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2014
    Long-Term Incentive Compensation Plan(2)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">_______________</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Incorporated
                                         by reference from the Company&rsquo;s registration statement on Form S-1 (Commission
                                         File No. 333-181798) filed with the Commission on May 31, 2012, as amended.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Incorporated
                                         by reference from the Company&rsquo;s definitive proxy statement for the Company&rsquo;s
                                         annual meeting of shareholders held on February 10, 2015 filed with the Commission on
                                         January 2, 2015 (Commission File No. 000-54835).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
9.&nbsp;&nbsp;&nbsp;&nbsp;Undertakings</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
undersigned Registrant hereby undertakes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement unless
the information or prospectus required by (i) and (ii) is contained in periodic reports filed by the Registrant pursuant to Section
13(a) or 15(d) of the Exchange Act that are incorporated by reference into this registration statement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 60pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 60pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 60pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at
the termination of the offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s annual report pursuant
to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to trustees, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion
of the SEC, such indemnification is against public policy as expressed in such Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid
by a trustee, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
asserted by such trustee, officer or controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question of whether such indemnification by it is against public policy as expressed in such Act and will be governed by the
final adjudication of such issue.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>The
Registrant. </B>&#9;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement
to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Paoli, Commonwealth of Pennsylvania on
 September 30, 2015.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>MALVERN
    &nbsp;BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 42%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/
    Joseph D. Gangemi&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Joseph
                                         D. Gangemi</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief
        Financial Officer</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities and on the dates indicated. &nbsp;Each person whose signature appears below hereby makes, constitutes and appoints
Anthony C. Weagley his true and lawful attorney, with full power to sign for each person and in such person's name and capacity
indicated below, and with full power of substitution, any and all amendments to this Registration Statement, hereby ratifying
and confirming such person's signature as it may be signed by said attorney to any and all amendments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; font-weight: bold; text-align: center; width: 31%; padding-bottom: 1.45pt; border-bottom: Black 1pt solid">Name</td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; font-weight: bold; text-align: center; width: 33%; padding-bottom: 1.45pt; border-bottom: Black 1pt solid">Title</td>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; font-weight: bold; text-align: center; width: 30%; padding-bottom: 1.45pt; border-bottom: Black 1pt solid">Date</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Anthony C. Weagley</td>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD>Anthony C. Weagley</td>
    <TD>&nbsp;</TD>
    <TD>Director, Chief Executive Officer and President <font style="font: normal 10pt Times New Roman, Times, Serif"><i>(principal executive officer)</i></font></td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ F. Claire Hughes, Jr.</td>
    <TD>&nbsp;</TD>
    <TD>Director</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">F. Claire Hughes, Jr.</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ John P. O&rsquo;Grady</td>
    <TD>&nbsp;</TD>
    <TD>Director</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">John P. O&rsquo;Grady</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ George E. Steinmetz</td>
    <TD>&nbsp;</TD>
    <TD>Director&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">George E. Steinmetz</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Therese Woodman</td>
    <TD>&nbsp;</TD>
    <TD>Director</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">Therese Woodman</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Stephen P. Scartozzi</td>
    <TD>&nbsp;</TD>
    <TD>Director</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">Stephen P. Scartozzi</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Ralph K. Packard</td>
    <TD>&nbsp;</TD>
    <TD>Director</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">Ralph K. Packard</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Robert C.F. Willson</td>
    <TD>&nbsp;</TD>
    <TD>Director</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">September 30, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle">Robert C.F. Willson</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; padding-bottom: 1.45pt">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 2.15pt; text-align: center; padding-bottom: 1.45pt">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD>Director</td>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">____ __, 2015</td></tr>
<tr>
    <TD STYLE="vertical-align: middle; text-align: justify">Michael Moss</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</td></tr>
</table>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>EXHIBIT
INDEX</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; padding: 2.9pt 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit
                                         No.</B></FONT></P></TD>
    <TD STYLE="width: 56%; padding: 2.9pt 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Description</B></FONT></P></TD>
    <TD STYLE="width: 31%; padding: 2.9pt 5.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Method
                                         of Filing</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.0</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Form
    of Stock Certificate of Malvern Bancorp, Inc.</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Incorporated
    by reference(1)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.0</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Opinion
    of Silver, Freedman, Taff &amp; Tiernan LLP</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filed
    herewith</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent
    of Silver, Freedman, Taff &amp; Tiernan LLP</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Included
    in Exhibit 5.0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.2</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent
    of BDO USA, LLP</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filed
    herewith</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.3</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent
    of Baker Tilley Virchow Krause, LLP </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filed
    herewith</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24.0</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Power
    of Attorney</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Located
    on the signature page</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">99.0</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2014
    Long-Term Incentive Compensation Plan</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 2.9pt 5.75pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Incorporated
    by reference(2)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">_______________</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Incorporated
                                         by reference from the Company&rsquo;s registration statement on Form S-1 (Commission
                                         File No. 333-181798) filed with the Commission on May 31, 2012, as amended.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Incorporated
                                         by reference from the Company&rsquo;s definitive proxy statement for the Company&rsquo;s
                                         annual meeting of shareholders held on February 10, 2015 filed with the Commission on
                                         January 2, 2015 (Commission File No. 000-54835).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

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[{"type": "S-8", "sequence": "1", "filename": "s101924_s8.htm", "description": "S-8", "secsgml_size_bytes": 86360}]
{"company-data": {"conformed-name": "MALVERN BANCORP, INC.", "cik": "0001550603", "assigned-sic": "6035", "irs-number": "455307782", "state-of-incorporation": "PA", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-207214", "film-number": "151134526"}, "business-address": {"street1": "42 EAST LANCASTER AVENUE", "city": "PAOLI", "state": "PA", "zip": "19301", "phone": "610-644-9400"}, "mail-address": {"street1": "42 EAST LANCASTER AVENUE", "city": "PAOLI", "state": "PA", "zip": "19301"}}
As
filed with the Securities and Exchange Commission on September 30, 2015
Registration
No. 333-__________
SECURITIES
    AND EXCHANGE COMMISSION
Washington,
    D.C.  20549
FORM
    S-8
REGISTRATION
    STATEMENT
UNDER
    THE SECURITIES ACT OF 1933
Malvern
                                         Bancorp, Inc.
(exact
    name of registrant as specified in its charter)
Pennsylvania
45-5307782
(State
                                         or other jurisdiction of
incorporation
        or organization)
(IRS
    Employer Identification No.)
42
                                         East Lancaster Avenue
Paoli,
        Pennsylvania 19301
(610)
        644-9400
(Address,
                                         including zip code, and telephone number,
including
        area code, of registrant's principal executive offices)
Malvern
                                         Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan
(Full
    Title of the Plan)
Copies
    to:
Anthony
    C. Weagley
Hugh
    T. Wilkinson, Esq.
Chief
    Executive Officer and President
Kenneth
    B. Tabach, Esq.
Malvern
    Bancorp, Inc.
Silver,
    Freedman, Taff & Tiernan LLP
42
    East Lancaster Avenue
3299
    K Street, N.W., Suite 100
Paoli,
    Pennsylvania 19301
Washington,
    DC 20007
(610)
    644-9400
(202)
    295-4500
(Name,
    address, including zip code, and telephone number, including area code, of agent for service)
Indicate
    by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
    reporting company.
Large
    accelerated filer    ☐
Accelerated
    filer                    ☐
Non-
    accelerated filer     ☐  (Do not check if a smaller reporting company)
Smaller
    reporting company   ☒
CALCULATION
OF REGISTRATION FEE
Title
    of Securities to be Registered
Amount
    to be Registered
(1)
Proposed
Maximum Offering Price Per Share
Proposed
    Maximum Aggregate Offering Price
Amount
    of
Registration Fee
Common Stock, $.01 par value
400,000 shares
(2)
$15.45
(3)
$6,180,000
(3)
$718.12
(1)
Together with an indeterminate number of additional
    shares which may be necessary to adjust the number of shares reserved for issuance pursuant to the Malvern Bancorp, Inc. (the
    "Company" or the "Registrant") 2014 Long-Term Incentive Compensation Plan (the "Plan")
    as a result of a stock split, stock dividend or similar adjustment of the outstanding common stock, par value $0.01 per share
    ("Common Stock"), of the Company.
(2)
Represents shares currently reserved for issuance pursuant to the
    Plan.
(3)
Estimated solely for the purposes of calculating the registration
    fee in accordance with Rules 457(c) and 457(h)(1) promulgated under the Securities Act.  The Proposed Maximum Offering
    Price Per Share is equal to the average of the high and low prices of the Common Stock on September 28, 2015 as reported by
    the Nasdaq Stock Market.
This Registration Statement shall become effective
immediately upon filing in accordance with Section 8(a) of the Securities Act of 1933, as amended (the "Securities Act"),
and 17 C.F.R. §230.462.
PART
I
Item
1.	Plan Information.*
Item
2.	Registrant Information and Employee Plan Annual Information.*
________________
*
Information
                                         required by Part I to be contained in the Section 10(a) prospectus is omitted from the
                                         registration statement in accordance with Rule 428 under the Securities Act and the "Note"
                                         to Part I on Form S-8.
PART
II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item
3.     Incorporation of Documents by Reference.
The
following documents filed or to be filed with the Securities and Exchange Commission (the "Commission") are incorporated
by reference in this registration statement:
(a)
The
                                         Company's Annual Report on Form 10-K for the year ended September 30, 2014;
(b)
All
                                         reports filed by the Company pursuant to Sections 13(a) or 15(d) of the Securities Exchange
                                         Act of 1934 (the "Exchange Act"), since the end of the fiscal year covered
                                         by the financial statements in the Form 10-K referred to in clause (a) above;
(c)
The
                                         description of the Common Stock contained in Registrant's Form 8-K, as filed with
                                         the Commission pursuant to Rule 12g-3(a) of the Exchange Act for the registration of
                                         the Common Stock under the Exchange Act on October 11, 2012 (File No. 000-54835); and
(d)
All
                                         documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the
                                         Exchange Act after the date hereof and prior to the filing of a post-effective amendment
                                         which indicates that all securities offered have been sold or which deregisters all securities
                                         then remaining unsold.
Any
statement contained in this registration statement, or in a document incorporated or deemed to be incorporated by reference herein,
shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained
herein, or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein, modifies
or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded,
to constitute a part of this registration statement.
Item
4.    Description of Securities
The
Common Stock to be offered pursuant to the Plan has been registered pursuant to Section 12(b) of the Exchange Act.  Accordingly,
a description of the Common Stock is not required herein.
Item
5.    Interests of Named Experts and Counsel
None.
Item
6.    Indemnification of Directors and Officers
Article
VI of the Registrant's Bylaws provides as follows:
6.1
Indemnification
                                         in Third Party Actions
. The Corporation shall indemnify any person who was or is
                                         a party or is threatened to be made a party to any threatened, pending or completed action,
                                         suit or proceeding, whether civil, criminal, administrative or investigative (other than
                                         an action by or in the right of the Corporation) by reason of the fact that the person
                                         is or was a director or officer of the Corporation, or is or was serving at the request
                                         of the Corporation as a director, officer or representative of another corporation, partnership,
                                         joint venture, trust or other enterprise, against expenses (including attorneys'
                                         fees), judgments, fines and amounts paid in settlement, actually and reasonably incurred
                                         by the person in connection with such threatened, pending or completed action, suit or
                                         proceeding.
6.2
Indemnification
in Derivative Actions
. The Corporation shall indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action, suit or proceeding by or in the right of the Corporation to procure a judgment
in its favor by reason of the fact that the person is or was a director or officer of the Corporation, or is or was serving at
the request of the Corporation as a director, officer or representative of another corporation, partnership, joint venture, trust
or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement, actually
and reasonably incurred by the person in connection with such threatened, pending or completed action or suit.
6.3
Procedure
for Effecting Indemnification
. Indemnification under Sections 6.1 or 6.2 shall be automatic and shall not require any determination
that indemnification is proper, except that no indemnification shall be made in any case where the act or failure to act giving
rise to the claim for indemnification is determined by the court in which the action was brought or by any other appropriate court
to have constituted willful misconduct or recklessness.
6.4
Advancing
Expenses
. Expenses incurred by a person who may be indemnified under Section 6.1 or 6.2 shall be paid by the Corporation in
advance of the final disposition of any action, suit or proceeding upon receipt of an undertaking by or on behalf of such person
to repay such amount if it shall ultimately be determined by a court of competent jurisdiction that he or she is not entitled
to be indemnified by the Corporation.
6.5
Indemnification
of Employees, Agents and Other Representatives
. The Corporation may, at the discretion and the extent determined by the Board
of Directors of the Corporation, (i) indemnify any person who neither is nor was a director or officer of the Corporation but
who is or was a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative (and whether brought by or in the right of the Corporation), by reason
of the fact that the person is or was an employee, agent or other representative of the Corporation, against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement, actually and reasonably incurred by the person in connection
with such threatened, pending or completed action, suit or proceeding and (ii) pay such expenses in advance of the final disposition
of such action, suit or proceeding, upon receipt of an undertaking of the kind described in Section 6.4.
6.6
Other
Rights
. The indemnification and advancement of expenses provided by or pursuant to this Article VI shall not be deemed exclusive
of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any insurance or other
agreement, vote of shareholders or directors, or otherwise, both as to actions in their official capacity and as to actions in
another capacity while holding an office, and shall continue as to a person who has ceased to be a director, officer, employee,
or agent and shall inure to the benefit of the heirs, executors, and administrators of such person.
6.7
Insurance
.
The Corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a director, officer,
employee, director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise,
against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's
status as such, whether or not the Corporation would have the power to indemnify such person against such liability under the
provisions of this Article VI.
6.8
Security
Fund; Indemnity Agreements
. By action of the Board of Directors (notwithstanding their interest in the transaction), the Corporation
may create and fund a trust fund or fund of any nature, and may enter into agreements with its officers, directors, employees,
and agents for the purpose of securing or insuring in any manner its obligation to indemnify or advance expenses provided for
in this Article VI.
6.9
Modification
. The duties of the Corporation to indemnify and to advance expenses to any person as provided in this Article
VI shall be in the nature of a contract between the Corporation and each such person, and no amendment or repeal of any provision
of this Article VI, and no amendment or termination of any trust fund or other fund created pursuant to Section 6.8 hereof, shall
alter to the detriment of such person the right of such person to the advancement of expenses or indemnification related to a
claim based on an act or failure to act which took place prior to such amendment, repeal, or termination.
6.10
Proceedings
Initiated by Indemnified Persons
. Notwithstanding any other provision in this Article VI, the Corporation shall not indemnify
a director, officer, employee, or agent for any liability incurred in an action, suit, or proceeding initiated by (which shall
not be deemed to include counter-claims or affirmative defenses) or participated in as an intervenor or amicus curiae by the person
seeking indemnification unless such initiation of or participation in the action, suit, or proceeding is authorized, either before
or after its commencement, by the affirmative vote of a majority of the directors then in office.
6.11
Savings
Clause
. If this Article VI or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction,
then the Corporation shall nevertheless indemnify each director, officer, employee, and agent of the Corporation as to costs,
charges, and expenses (including attorneys' fees), judgments, fines, and amounts paid in settlement with respect to any
action, suit, or proceeding, whether civil, criminal, administrative, or investigative, including an action by or in the right
of the Corporation, to the fullest extent permitted by any applicable portion of this Article VI that shall not have been invalidated
and to the fullest extent permitted by applicable law.
If
the laws of the Commonwealth of Pennsylvania are amended to permit further indemnification of the directors, officers, employees,
and agents of the Corporation, then the Corporation shall indemnify such persons to the fullest extent permitted by law. Any repeal
or modification of this Article VI by the Board of Directors or the shareholders of the Corporation shall not adversely affect
any right or protection of a director, officer, employee, or agent existing at the time of such repeal or modification.
The
Federal Deposit Insurance Act (the "FDI Act") provides that the FDIC may prohibit or limit, by regulation or order,
payments by any insured depository institution or its holding company for the benefit of directors and officers of the insured
depository institution, or others who are or were "institution-affiliated parties," as defined under the FDI Act,
in order to pay or reimburse such person for any liability or legal expense sustained with regard to any administrative or civil
enforcement action which results in a final order against the person. FDIC regulations prohibit, subject to certain exceptions,
insured depository institutions, their subsidiaries and affiliated holding companies from indemnifying officers, directors or
employees from any civil money penalty or judgment resulting from an administrative or civil enforcement action commenced by any
federal banking agency, or for that portion of the costs sustained with regard to such an action that results in a final order
or settlement that is adverse to the director, officer or employee.
Item
7.    Exemption from Registration Claimed
None.
Item
8.    Exhibits
The
following exhibits are filed with or incorporated by reference into this registration statement on Form S-8 (numbering corresponds
generally to the Exhibit Table in Item 601 of Regulation S-K).
No.
Exhibit
4.0
Form
    of Common Stock certificate(1)
5.0
Opinion
    of Silver, Freedman, Taff & Tiernan LLP  as to the legality of the securities
23.1
Consent
    of Silver, Freedman, Taff & Tiernan LLP (contained in the opinion included as Exhibit 5.0)
23.2
Consent of BDO
    USA, LLP
23.3
Consent of Baker
    Tilley Virchow Krause, LLP
24.0
Power
    of attorney for any subsequent amendments (contained in the signature page)
99.0
2014
    Long-Term Incentive Compensation Plan(2)
_______________
(1)
Incorporated
                                         by reference from the Company's registration statement on Form S-1 (Commission
                                         File No. 333-181798) filed with the Commission on May 31, 2012, as amended.
(2)
Incorporated
                                         by reference from the Company's definitive proxy statement for the Company's
                                         annual meeting of shareholders held on February 10, 2015 filed with the Commission on
                                         January 2, 2015 (Commission File No. 000-54835).
Item
9.    Undertakings
The
undersigned Registrant hereby undertakes:
(1)     To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement unless
the information or prospectus required by (i) and (ii) is contained in periodic reports filed by the Registrant pursuant to Section
13(a) or 15(d) of the Exchange Act that are incorporated by reference into this registration statement:
(i)     To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)     To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement; and
(iii)     To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.
(2)     That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof; and
(3)     To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at
the termination of the offering.
(4)     That,
for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant
to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to trustees, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion
of the SEC, such indemnification is against public policy as expressed in such Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid
by a trustee, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
asserted by such trustee, officer or controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question of whether such indemnification by it is against public policy as expressed in such Act and will be governed by the
final adjudication of such issue.
SIGNATURES
The
Registrant.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement
to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Paoli, Commonwealth of Pennsylvania on
 September 30, 2015.
MALVERN
     BANCORP, INC.
By:
/s/
    Joseph D. Gangemi
Joseph
                                         D. Gangemi
Chief
        Financial Officer
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities and on the dates indicated.  Each person whose signature appears below hereby makes, constitutes and appoints
Anthony C. Weagley his true and lawful attorney, with full power to sign for each person and in such person's name and capacity
indicated below, and with full power of substitution, any and all amendments to this Registration Statement, hereby ratifying
and confirming such person's signature as it may be signed by said attorney to any and all amendments.
Name
Title
Date
/s/ Anthony C. Weagley
Anthony C. Weagley
Director, Chief Executive Officer and President
(principal executive officer)
September 30, 2015
/s/ F. Claire Hughes, Jr.
Director
September 30, 2015
F. Claire Hughes, Jr.
/s/ John P. O'Grady
Director
September 30, 2015
John P. O'Grady
/s/ George E. Steinmetz
Director
September 30, 2015
George E. Steinmetz
/s/ Therese Woodman
Director
September 30, 2015
Therese Woodman
/s/ Stephen P. Scartozzi
Director
September 30, 2015
Stephen P. Scartozzi
/s/ Ralph K. Packard
Director
September 30, 2015
Ralph K. Packard
/s/ Robert C.F. Willson
Director
September 30, 2015
Robert C.F. Willson
Director
____ __, 2015
Michael Moss
EXHIBIT
INDEX
Exhibit
                                         No.
Description
Method
                                         of Filing
4.0
Form
    of Stock Certificate of Malvern Bancorp, Inc.
Incorporated
    by reference(1)
5.0
Opinion
    of Silver, Freedman, Taff & Tiernan LLP
Filed
    herewith
23.1
Consent
    of Silver, Freedman, Taff & Tiernan LLP
Included
    in Exhibit 5.0
23.2
Consent
    of BDO USA, LLP
Filed
    herewith
23.3
Consent
    of Baker Tilley Virchow Krause, LLP
Filed
    herewith
24.0
Power
    of Attorney
Located
    on the signature page
99.0
2014
    Long-Term Incentive Compensation Plan
Incorporated
    by reference(2)
_______________
(1)
Incorporated
                                         by reference from the Company's registration statement on Form S-1 (Commission
                                         File No. 333-181798) filed with the Commission on May 31, 2012, as amended.
(2)
Incorporated
                                         by reference from the Company's definitive proxy statement for the Company's
                                         annual meeting of shareholders held on February 10, 2015 filed with the Commission on
                                         January 2, 2015 (Commission File No. 000-54835).