Prudential Bancorp in Philadelphia has named Anthony Migliorino to the newly created job of chief operating officer.

Migliorino, 60, was hired by the $504 million-asset bank in July as retail business development officer. Migliorino will remain responsible for Prudential's business development, but will also oversee operations, Joseph Corrato, president, said in a Thursday news release.

Corrato on Oct. 1 will be promoted to president and chief executive of both Prudential Bancorp and Prudential Savings Bank.

"I am reorganizing our management team and embarking on many strategic initiatives which are designed to improve our products and services [and] create greater efficiencies and increase future profitability," Corrato said in the release.

Migliorino previously was senior vice president of branch banking at Sterling National Bank in New York.

Prudential also on Thursday promoted Sharon Slater to chief risk officer from chief compliance officer.

Prudential has made several changes to upper management this year. Last month, it named Doug J.R. Smith as chief lending officer, after Salvatore Fratanduono resigned in August. In June, it named Jack Rothkopf chief financial officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.