Michael Nilan, 32, has been named to succeed his father as president and chief executive officer of First Savings Bank of New Jersey and its Delaware-chartered holding company, Bayonne Bancshares.
Patrick F.X. Nilan, 66, has held those titles since 1961. After his retirement on July 1 he will remain chairman of the $578.6 million-asset Bayonne bank and its parent, which is scheduled to become a full stock company in May.
Michael Nilan joined the bank in 1986. He is now chief operating officer.
Eugene V. Malinowski, a partner with KPMG Peat Marwick, has been hired as vice president and chief financial officer of the bank and the holding company. He is also a member of their asset/liability and investment committees.
Before joining Peat Marwick, Mr. Malinowski was executive vice president and chief financial officer of Citizens First National Bank in Glen Rock, N.J. National Westminster bought Citizens in 1994.