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.

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