UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.1) *

Malvern Bancorp Inc (MLVF)

 (Name of Issuer)

Common Stock

(Title of Class of Securities)

561409103

(CUSIP Number)

12/31/2016

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐	Rule 13d-1(b)
☑	Rule 13d-1(c)
☐	Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 

CUSIP No. 561409103     Page 2 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			Financial Opportunity Fund LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			Delaware
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	402,676 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	402,676 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			402,676 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			6.14%
12	TYPE OF REPORTING PERSON			OO

(1) Consists of 402,676 shares of common stock of the Issuer held by Financial Opportunity Fund LLC.

CUSIP No. 561409103     Page 3 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			Financial Opportunity Long/Short Fund LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			Delaware
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	8,981 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	8,981 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			8,981 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			0.14%
12	TYPE OF REPORTING PERSON			OO

(1) Consists of 8,981 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC.

CUSIP No. 561409103     Page 4 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			FJ Capital Management LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			Delaware
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	648,560 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	493,560 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			648,560 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			9.89%
12	TYPE OF REPORTING PERSON			IA

(1) Consists of 402,676 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, and 8,981 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, 20,760 shares of common stock of the Issuer held by Bridge Equities VIII, LLC, 20,760 shares of common stock of the Issuer held by Bridge Equities IX, LLC and 113,480 shares of common stock of the Issuer held by Bridge Equities XI, LLC, of which FJ Capital Management LLC is a sub-investment advisor, and 81,903 shares of common stock of the Issuer held by managed account(s) that FJ Capital Management LLC manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

(2) Consists of 402,676 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, and 8,981 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, and 81,903 shares of common stock of the Issuer held by managed account(s) that FJ Capital Management LLC manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

CUSIP No. 561409103     Page 5 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			Martin S. Friedman
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	648,560 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	493,560 (2)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			648,560 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			9.89%
12	TYPE OF REPORTING PERSON			IN

(1) Consists of 402,676 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, and 8,981 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, 20,760 shares of common stock of the Issuer held by Bridge Equities VIII, LLC, 20, shares of common stock of the Issuer held by Bridge Equities IX, and 113,480 shares of common stock of the Issuer held by Bridge Equities XI, of which FJ Capital Management LLC is a sub-investment advisor, and 81,903 shares of common stock of the Issuer held by managed account(s) that FJ Capital Management LLC manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership.

(2) Consists of 402,676 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, and 8,981 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, and 81,903 shares of common stock of the Issuer held by managed account(s) that FJ Capital Management LLC manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership.

CUSIP No. 561409103     Page 6 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			Bridge Equities VIII, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	20,760 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	20,760 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			20,760 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			0.32%
12	TYPE OF REPORTING PERSON			OO

(1) Consists of 20,760 shares of common stock of the Issuer held by Bridge Equities VIII, LLC.

CUSIP No. 561409103     Page 7 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			Bridge Equities IX, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	20,760 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	20,760 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			20,760 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			0.32%
12	TYPE OF REPORTING PERSON			OO

(1) Consists of 20,760 shares of common stock of the Issuer held by Bridge Equities IX, LLC.

CUSIP No. 561409103     Page 8 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			Bridge Equities XI, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	113,480 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	113,480 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			113,480 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			1.73%
12	TYPE OF REPORTING PERSON			OO

(1) Consists of 113,480 shares of common stock of the Issuer held by Bridge Equities XI, LLC.

CUSIP No. 561409103     Page 9 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			SunBridge Manager, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	155,000 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	155,000 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			155,000 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			2.36%
12	TYPE OF REPORTING PERSON			OO

(1) Consists of 20,760 shares of common stock of the Issuer held by Bridge Equities VIII, LLC, 20,760 shares of common stock of the Issuer held by Bridge Equities IX, and 113,480 shares of common stock of the Issuer held by Bridge Equities XI, LLC of which SunBridge Manager, LLC is the Managing Member; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares.

CUSIP No. 561409103 Page 10 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			SunBridge Holdings, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	155,000 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	155,000 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			155,000 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			2.36%
12	TYPE OF REPORTING PERSON			OO

(1) Consists of 20,760 shares of common stock of the Issuer held by Bridge Equities VIII, LLC, 20,760 shares of common stock of the Issuer held by Bridge Equities IX, and 113,480 shares of common stock of the Issuer held by Bridge Equities XI, LLC of which SunBridge Manager, LLC is the Managing Member; SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares.

CUSIP No. 561409103 Page 11 of 15

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)			Realty Investment Company, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) [x] (b) [_]
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	155,000 (1)
EACH REPORTING		7	SOLE DISPOSITIVE POWER
PERSON WITH		8	SHARED DISPOSITIVE POWER	155,000 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			155,000 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			[  ]
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			2.36%
12	TYPE OF REPORTING PERSON			CO

(1) Consists of 20,760 shares of common stock of the Issuer held by Bridge Equities VIII, LLC, 20,760 shares of common stock of the Issuer held by Bridge Equities IX, and 113,480 shares of common stock of the Issuer held by Bridge Equities XI, LLC of which SunBridge Manager, LLC is the Managing Member; SunBridge Holdings, LLC is the Managing Member of SunBridge Manager, LLC. Realty Investment Company, Inc. is the Manager of SunBridge Holdings, LLC; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares.

CUSIP No. 561409103 Page 1 2 of 15

Item 1(a).	Name of Issuer:
	Malvern Bancorp (MLVF)
Item 1(b).	Address of Issuer’s Principal Executive Offices:
	42 East Lancaster Avenue Paoli, PA 19301
Item 2(a).	Name of Person Filing:
	This Schedule 13G is being filed on behalf of the following Reporting Persons: Financial Opportunity Fund LLC Financial Opportunity Long/Short Fund LLC FJ Capital Management LLC Martin S. Friedman Bridge Equities VIII, LLC Bridge Equities IX, LLC Bridge Equities XI, LLC SunBridge Manager, LLC SunBridge Holdings, LLC Realty Investment Company, Inc.
Item 2(b).	Address of Principal Business Office or, if None, Residence:
	Financial Opportunity Fund LLC 1313 Dolley Madison Blvd., STE 306 McLean, VA 22101 Financial Opportunity Long/Short Fund LLC 1313 Dolley Madison Blvd., STE 306 McLean, VA 22101 FJ Capital Management, LLC 1313 Dolley Madison Blvd., STE 306 McLean, VA 22101 Martin S. Friedman 1313 Dolley Madison Blvd., STE 306 McLean, VA 22101 Bridge Equities VIII, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 Bridge Equities IX, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 Bridge Equities XI, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759

CUSIP No. 561409103 Page 13 of 15

	SunBridge Manager, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 SunBridge Holdings, LLC 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759 Realty Investment Company, Inc 8171 Maple Lawn Blvd, Suite 375 Fulton, MD 20759
Item 2(c).	Citizenship:
	Financial Opportunity Fund LLC, FJ Capital Management LLC, Bridge Equities VIII, LLC, Bridge Equities IX, LLC, Bridge Equities XI, LLC, SunBridge Manager, LLC, SunBridge Holdings, LLC – Delaware limited liability companies
	Martin S. Friedman – United States citizen Realty Investment Company, Inc – Maryland corporation
Item 2(d).	Title of Class of Securities:
	Common Stock
Item 2(e).	CUSIP Number:
	561409103

Item 3.

(a)	☐	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b)	☐	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)	☐	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)	☐	An employee benefits plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)	☐	A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
(h)	☐	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	☐	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
(j)	☐	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

CUSIP No. 561409103 Page 14 of 15

Item 4.	Ownership.
	Ownership information is provided as of:

(a)	Amount beneficially owned:
	Financial Opportunity Fund LLC – 402,676 shares Financial Opportunity Long/Short Fund LLC – 8,981 shares FJ Capital Management LLC – 648,560 shares Martin S. Friedman – 648,560 shares Bridge Equities VIII, LLC – 20,760 shares Bridge Equities IX, LLC – 20,760 shares Bridge Equities XI, LLC – 113,480 shares SunBridge Manager, LLC – 155,000 shares SunBridge Holdings, LLC – 155,000 shares Realty Investment Company, Inc. – 155,000 shares
(b)	Percent of class:
	Financial Opportunity Fund LLC – 6.14% Financial Opportunity Long/Short Fund LLC – 0.14% FJ Capital Management LLC – 9.89% Martin S. Friedman – 9.89% Bridge Equities VIII, LLC – 0.32% Bridge Equities IX, LLC – 0.32% Bridge Equities XI, LLC – 1.73% SunBridge Manager, LLC – 2.36% SunBridge Holdings, LLC – 2.36% Realty Investment Company, Inc. – 2.36%
(c)	Number of shares as to which such person has:
	(i)	Sole power to vote or to direct the vote
		All Reporting Persons – 0
	(ii)	Shared power to vote or to direct the vote
		Financial Opportunity Fund LLC – 402,676 shares Financial Opportunity Long/Short Fund LLC – 8,981 shares FJ Capital Management LLC – 648,560 shares Martin S. Friedman – 648,560 shares Bridge Equities VIII, LLC – 20,760 shares Bridge Equities IX, LLC – 20,760 shares Bridge Equities XI, LLC – 113,480 shares SunBridge Manager, LLC – 155,000 shares SunBridge Holdings, LLC – 155,000 shares Realty Investment Company, Inc. – 155,000 shares
	(iii)	Sole power to dispose or to direct the disposition of
		All Reporting Persons – 0

CUSIP No. 561409103 Page 15 of 15

(iv)

Shared power to dispose or to direct the disposition of

Financial Opportunity Fund LLC – 402,676 shares Financial Opportunity Long/Short Fund LLC – 8,981 shares FJ Capital Management LLC – 493,560 shares Martin S. Friedman – 493,560 shares Bridge Equities VIII, LLC – 20,760 shares Bridge Equities IX, LLC – 20,760 shares Bridge Equities XI, LLC – 113,480 shares SunBridge Manager, LLC – 155,000 shares SunBridge Holdings, LLC – 155,000 shares Realty Investment Company, Inc. – 155,000 shares

Item 5.	Ownership of Five Percent or Less of a Class.
	N/A
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
	N/A
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	N/A
Item 8.	Identification and Classification of Members of the Group.
	Due to the relationships among them, the reporting persons hereunder may be deemed to constitute a “group” with one another for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934.
Item 9.	Notice of Dissolution of Group.
	N/A
Item 10.	Certification.

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: 2/13/2017                           Financial Opportunity Fund LLC By: FJ Capital Management LLC, its Managing Member     By: /s/ Martin S. Friedman Name: Martin S. Friedman Title: Managing Member   Financial Opportunity Long/Short Fund LLC By: FJ Capital Management LLC, its Managing Member     By: /s/ Martin S. Friedman Name: Martin S. Friedman Title: Managing Member     FJ CAPITAL MANAGEMENT LLC     By: /s/ Martin S. Friedman Name: Martin S. Friedman Title: Managing Member       /s/ Martin S. Friedman
MARTIN S. FRIEDMAN  

Bridge Equities VIII, LLC

By: SunBridge Manager, LLC, its Managing Member

By: /s/ Christine A. Shreve

Name: Christine A. Shreve

Title: Manager

Bridge Equities IX, LLC

By: SunBridge Manager, LLC, its Managing Member

By: /s/ Christine A. Shreve

Name: Christine A. Shreve

Title: Manager

Bridge Equities XI, LLC

By: SunBridge Manager, LLC, its Managing Member

By: /s/ Christine A. Shreve

Name: Christine A. Shreve

Title: Manager

SunBridge Manager, LLC

By: SunBridge Holdings, LLC, its Managing Member

By: /s/ Christine A. Shreve

Name: Christine A. Shreve

Title: President

SunBridge Holdings, LLC

By: Realty Investment Company, Inc., its Manager

By: /s/ Christine A. Shreve

Name: Christine A. Shreve

Title: President

realty investment company, inc.

By: /s/ Christine A. Shreve

Name: Christine A. Shreve

Title: President

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C, 1001)

Exhibit 1

Joint Filing Agreement

The undersigned agree that this Schedule 13G, and all amendments thereto, relating to the Common Stock of Malvern Bancorp Inc shall be filed on behalf of the undersigned.

Financial Opportunity Fund LLC		Bridge Equities VIII, LLC
By:	FJ Capital Management, LLC	By:	SunBridge Manager, LLC, its Managing Member
By:	/s / Martin S. Friedman		By:    /s/ Christine A. Shreve
	Name: Martin S. Friedman		Name:  Christine A. Shreve
	Title:  Managing Member		Title:     Manager
FJ Capital Management LLC		Bridge Equities IX, LLC
		By:	SunBridge Manager, LLC, its Managing Member
By:	/s / Martin S. Friedman		By:   /s/ Christine A. Shreve
	Name: Martin S. Friedman		Name:  Christine A. Shreve
	Title:  Managing Member		Title:  Manager
		Bridge Equities XI, LLC
		By:	SunBridge Manager, LLC, its Managing Member
			By:    /s/ Christine A. Shreve
			Name:  Christine A. Shreve
			Title:     Manager
/s / Martin S. Friedman		SunBridge mANAGER, LLC
MARTIN S. FRIEDMAN		By:	SunBridge Holdings, LLC, its Managing Member
			By:    /s/ Christine A. Shreve
			Name:  Christine A. Shreve
			Title:      President
		SunBridge Holdings, LLC
		By:	Realty Investment Company, Inc., its Manager
			By:    /s/ Christine A. Shreve
			Name:  Christine A. Shreve
			Title:      President
		realty investment company, inc.
			By:    /s/ Christine A. Shreve
			Name:  Christine A. Shreve
			Title:      President