Insider Trades - PRIZER DAVID R

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PRIZER DAVID R: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Malvern Federal Bancorp, Inc. Director NasdaqGM:MLVF (historical quotes, profile, other insiders)	19-May-08 19-May-08	2,500 500 3,000	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
19-May-08 *500 MLVF Purchase at $10 per share.
(Cost of $5,000)
19-May-08 2,500 MLVF Purchase at $10 per share.
(Cost of $25,000)
7-May-08 0 MLVF Statement of Ownership

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
19-May-08	*500	MLVF	Purchase at $10 per share. (Cost of $5,000)
19-May-08	2,500	MLVF	Purchase at $10 per share. (Cost of $25,000)
7-May-08	0	MLVF	Statement of Ownership