WEST BEND, Wis., Dec. 23, 2014 /PRNewswire/ -- Westbury
Bancorp, Inc. (NASDAQ: WBB) - The Board of Directors of
Westbury Bancorp, Inc. (the "Company") appointed Greg J. Remus President of the Company and its
subsidiary, Westbury Bank (the
"Bank"), effective January 1,
2015.
Remus will continue to serve as Chief Operating Officer of the
Company and the Bank and Senior Vice President of Lending of the
Bank.
"Greg's leadership is, and will continue to be, key to the
Company's strategic growth and improvement in its overall financial
performance," said Ray Lipman, who
is stepping down as President, but will continue to serve as Chief
Executive Officer and Chairman of the Board for the Company and the
Bank. "Greg and I will continue to work closely on long term
strategic matters, investor relations and capital management
plans," Lipman said.
Remus earned his degree in mathematics from the University of Wisconsin - Madison. With more than
20 years of experience, his dedicated knowledge includes a strong
background in commercial lending.
"I am excited for the opportunity to continue our management
team's focus on our commitment to transform Westbury Bank into a high performing bank," said
Remus.
About Westbury Bancorp, Inc.
Westbury Bancorp, Inc. is the holding company for Westbury Bank. The Company's common shares
are traded on the Nasdaq Capital Market under the symbol "WBB".
Westbury Bank is an independent
community bank with over $555 million
in assets. Westbury Bank serves communities in Washington and Waukesha Counties through its nine full
service offices providing deposit and loan services to individuals,
professionals and businesses throughout its markets.
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SOURCE Westbury Bancorp, Inc.