The National Bank of Malvern, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The National Bank of Malvern opened for business on April 7, 1884. Charles C. Highley, the first officer, began a family tradition of bank operations that continues to this day.

The Bank received from the Comptroller of the Currency $16,000 in currency notes in denominations of 10s and 20s. This paper currency was received by the Bank in uncut strips and unsigned. The local Bank then cut the strips into individual notes and the President and Cashier then signed each note.

While the faith of the United States government was strong, the early builders of the Bank had some doubts. The original building was built to double as an apartment house if the Bank failed to succeed. The Bank did succeed, however. It has conducted business in this building on the corner of King Street & Warren Avenue in Malvern, PA, since April 1, 1887. The Willits Family, direct descendants of Charles C. Highley, original Cashier, still lead the Bank today.

King St. & Warren Ave.
Malvern, PA 19355
Ph: 610-647-0100
Fax: 610-647-2404