Old Bridge, N.J.-based Amboy Bank Chairman, President and CEO George Scharpf died on Jan. 4, NJBIZ reported.
The bank earlier put in place a management transition plan, under which Amboy Bancorp. Vice Chairman Joseph DiSepio will be chairman of the holding company, while COO Gregory Scharpf will be its president and CEO, according to NJBIZ.
Eric Scharpf, a board member at Amboy Bancorp. and Amboy Bank, will be given an additional position as vice chairman of Amboy Bancorp., according to the report.