Highlands Bancorp in Vernon, N.J., has lined up its next chief executive.

The $253 million-asset company said in a press release Tuesday that George Irwin, will retire on Oct. 3. He will be succeeded by Steven Ackmann, the company's chief operating officer.

Irwin will still serves at chairman.

Ackmann, who joined Highlands in August 2012, previously served as president of the $901 million-asset Bank of Princeton in New Jersey. He was also president and CEO of the $649 million-asset Fidelity D&D BanCorp in Dunmore, Pa.

Highlands, formed in 2005, operates four branches in northern New Jersey.

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