Malvern Bancorp in Paoli, Pa., has named a new chief operating officer.

The $649 million-asset holding company for Malvern Federal Savings Bank promoted Karen Walter to the position, it said Tuesday.

Walter joined Malvern last year as a senior vice president. She previously worked for the $105 million-asset Inspire Federal Credit Union in Bristol, Pa., and for the First National Bank of Chester County in West Chester, Pa.

Walter replaced Missy Orlando, who held the COO position for less than six months. Orlando left Malvern in May to become president the Anderson Group, a brand strategy and marketing firm, according to her LinkedIn profile.

Malvern has made a number of personnel moves in recent months, as Chief Executive Anthony Weagley tries to turn the company around.

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