Fox Chase Bancorp (FXCB) in Hatboro, Pa., is planning to restructure its balance sheet this quarter in an effort to better position itself for potential changes in interest rates and improve its net interest income.

The $1 billion-asset company said it it intends to pay off roughly $55 million in long-term borrowings and replace them with shorter-term funding sources, and sell off about $75 million in investment securities.

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