TOLLAND, Conn. - Guy Cambria Jr. has resigned as chairman, president, chief executive, and a director of Tolland Bank after 20 years with the company.
Mr. Cambria, who had been considering early retirement for a few months, will continue to serve as a special consultant to the company. He is being replaced by senior vice president Joseph H. Rossi, who was named acting president.
No permanent replacement has been named yet, but a bank official confirmed that the bank has no plans to search outside for a new president.
The bank also named Francis J. Prichard Jr. chairman and D. Anthony Guglielmo vice chairman. Both are currently directors.
The resignation comes as Tolland, a $215 million-asset stock thrift, reported year-to-date losses of $1.5 million and eliminated more than a dozen jobs.