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.

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