Malvern Federal Savings Bank‘s Administrative Offices 42 E Lancaster Ave, Paoli, PA19301 This modern building was opened in 2004 replacing a more modest building on the same site which the bank occupied since…More the 1950’s. The Paoli Administrative offices serve as the headquarters for the bank and allow it to remain connected to the local communities they serve. The decisions and guidance of the bank is made by the board of directors, which is comprised of local people who live and work in the community. Loan decisions are made here as well as important product and policy decisions. Malvern Federal Savings Bank has been around for over 125 years.