Polonia Bancorp in Huntingdon Valley, Pa., has begun looking for a new president and chief executive to replace its retiring CEO Anthony Szuszczewicz.
Szuszczewicz's will retire on Aug. 31, though he is expected to remain at the $302 million-asset company in an advisory role. Chief Financial Officer Paul Rutkowski will become interim CEO.
Robert Woltjen, a Polonia director, will succeed Szuszczewicz as chairman.
Polonia has five branches around Philadelphia.