REDLANDS, Calif. -- Redfed Bancorp said its president and chief executive, Robert G. Wiens, will retire from day-to-day management in upcoming months because of health problems.

Mr. Wiens' retirement will be effective as soon as a new chief executive is appointed by the board. The company said a search committee has already been formed and that its goal is to appoint a new chief executive before the annual shareholders meeting in May. Mr. Wiens will remain on the company's board.

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