NEW ORLEANS, March 9, 2023 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Malvern Bancorp, Inc. (NasdaqGM: MLVF) to First Bank (NasdaqGM: FRBA). Under the terms of the proposed transaction, shareholders of Malvern will receive 0.7733 shares of First Bank and $7.80 in cash for each share of Malvern that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.