Prudential Bancorp Inc. of Pennsylvania announced that Joseph W. Packer, Jr., Chairman of the Board of the company and the bank will retire as the company's Chairman and as a member of the Board, effective December 31, 2012. As a result of Mr. Packer's decision to retire, the company's board of directors announced that Thomas A. Vento, the current President and Chief Executive Officer of the company, would also succeed Mr. Packer as Chairman, effective January 1, 2013. Joe Packer has devoted his life to Prudential, providing more than 61 years of valuable service to the Bank, and the company once it was formed. His careful stewardship, both as President and Chief Executive Officer of the Bank and then later as Chairman of the Board, has been instrumental in the Bank's development as the premier community bank in its market area.