| Proposed Maximum Aggregate Value of Transaction | Fee Rate | Amount of Filing Fee | |
Fees to Be Paid | $138,568,798.94 (1), (2) | 0.00011020 | $15,270.28(2) |
Fees Previously Paid | — | — | — |
| Total Transaction Valuation | $138,568,798.94 | — | — |
| Total Fees Due for Filing | — | — | $15,270.28 |
| Total Fees Previously Paid | — | — | — |
| Total Fee Offsets | — | — | — |
| Net Fee Due | — | — | $15,270.28 |
(1) | In accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the maximum number of shares of common stock of Malvern Bancorp, Inc. (“Malvern Bancorp“) to which this transaction applies is estimated, as of March 9, 2023, to be 7,658,765 shares of Malvern Bancorp’s common stock, par value $0.01 per share, which consists of (i) 7,644,765 shares of common stock of Malvern Bancorp and (ii) 14,000 shares of Malvern Bancorp common stock issuable pursuant to outstanding options with an exercise price below $18.12. |
(2) | Estimated solely for the purposes of calculating the filing fee, as of March 9, 2023, the underlying value of the transaction was calculated based on the sum of the following: | |
| (A) | (1) 7,644,765 shares of common stock of Malvern Bancorp multiplied by (2) the sum of (a) the product of $13.35 (which is the average of the high and low reported trading price for common stock of First Bank as of March 8, 2023) and 0.7733 plus (b) $7.80; plus | |
| (B) | (1) 14,000 shares of Malvern Bancorp common stock issuable pursuant to outstanding options with an exercise price below $18.12 multiplied by (2) the difference between (a) $18.12 and (b) $16.80 (the weighted average exercise price of such outstanding options). | |
| In accordance with Section 14(g) of the Exchange Act, the filing fee was determined by multiplying the sum calculated in this footnote (2) by 0.00011020. | ||
Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Fee Paid with Fee Offset Source | |
Fee Offset Claims | — | — | — | — | |||
Fee Offset Sources | — | — | — | — | — |
