Updated at 5:17 p.m.: Bonner has made the announcement official and will resign in August. "I come before you today to announce I will be retiring from Congress on Aug. 15 in order to take a newly-created position of Vice Chancellor for Government Relations and Economic Development at The University of Alabama system," he confirms.

Original post:

Rep. Jo Bonner (R-Ala.) is set to resign from Congress in order to take a job at the University of Alabama system, three people with knowledge of his plans confirm.

Bonner, 53, has served in Congress since 2003.