Westbury Bancorp in West Bend, Wis., will soon have a new chief executive.

The $625 million-asset company said in a press release Thursday that Greg Remus will become its CEO on Oct. 1. He will succeed Ray Lipman, who will remain chairman.

Remus was named chief operating officer last year before becoming president in January. He joined the company in 2009.

"We have improved the overall financial performance of our business during this transition," Remus said in a release. "We will continue to execute our strategy to grow and improve our economic status."

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