8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 22, 2008

Malvern Federal Bancorp, Inc.
(Exact name of registrant as specified in its charter)
United States	001-34051			38-3783478
(State or other jurisdiction	(Commission File Number)			(IRS Employer
of incorporation)				Identification No.)
42 E. Lancaster Avenue, Paoli, Pennsylvania			19301
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (610) 644-9400

Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01            Other Events

On December 22, 2008, Malvern Federal Bancorp, Inc. (the "Company") issued a press release announcing a $0.04 per share cash dividend, payable on the shares of the Company’s common stock.  The cash dividend will be payable on January 22, 2009 to shareholders of record as of the close of business on December 31, 2008.  Malvern Federal Mutual Holding Company has indicated its intention to waive receipt of the dividend.

For additional information, reference is made to the Company's press release dated December 22, 2008, which is included as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01            Financial Statements and Exhibits

(a)           Not applicable.

(b)           Not applicable.

(c)           Not applicable.

(d)           Exhibits

The following exhibits are included herewith.

Exhibit Number	Description
99.1	Press release dated December 22, 2008

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	MALVERN FEDERAL BANCORP, INC.
Date:  December 22, 2008	By:	/s/ Ronald Anderson
		Ronald Anderson
		President and Chief Executive Officer

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INDEX TO EXHIBITS

Exhibit Number	Description
99.1	Press release dated December 22, 2008

EX-99.1

EXHIBIT 99.1

PRESS RELEASE

For Immediate Release:
Contact:	Ronald Anderson
	President and CEO
	or
	Dennis Boyle
	Senior Vice President and CFO
	(610) 644-9400
December 22, 2008

FOR RELEASE: IMMEDIATELY

MALVERN FEDERAL BANCORP, INC. ANNOUNCES CASH DIVIDEND

Malvern Federal Bancorp, Inc. (Nasdaq: MLVF) announced today that its Board of Directors declared a cash dividend of $0.04 per share on the common stock of the Company, payable on  January 22, 2009 to the shareholders of record at the close of business on  December 31, 2008.  Malvern Federal Mutual Holding Company will waive its rights to receive the dividend on 3,383,875 shares of Common Stock it owns.

Malvern Federal Bancorp, Inc. is the “mid-tier” holding company for Malvern Federal Savings Bank, a federally chartered FDIC insured savings bank (the “Bank”).  The Bank conducts business out of its main office, located in Paoli, Pennsylvania, and seven branch offices.  As of September 30, 2008, the Company had $639.5 million in assets, $453.5 million in deposits and $68.8 million in shareholders’ equity.

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Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors.  Factors which could result in material variations include, but are not limited to, changes in interest rates which could  affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company’s market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.