#USA #SR Bancorp #Bound Brook #William Taylor #Christopher Pribula

Leadership Transition at SR Bancorp

On November 20, 2025, SR Bancorp, Inc., the holding company for Somerset Regal Bank, revealed significant changes in its management structure that will bring new leadership to the forefront of the company. In a formal announcement, the company stated that William P. Taylor, who has served as the Chief Executive Officer since 2013, will retire effective January 1, 2026. While stepping down as CEO, he will continue to provide his expertise as the Executive Chairman of the Bank and a board member of the company.

William's retirement is a pivotal moment for SR Bancorp, capping a remarkable 42-year career within the Somerset financial landscape. Mr. Taylor has been instrumental in steering the bank through a period of substantial growth and transformation, including the conversion of the Bank into a public entity and the strategic merger with Regal Bank in 2023. David Orbach, the Executive Chairman, acknowledged Taylor's extensive contributions to the company, stating, "Bill's decision to retire as Chief Executive Officer caps off a tremendously productive and successful career. His extensive knowledge and insights will be greatly missed, although we are pleased to have him remain on the Board."

Stepping into his role as CEO will be Christopher Pribula, who has been with the bank since 2006. Pribula’s journey at SR Bancorp has seen him rise through the ranks; he was named Executive Vice President and Chief Operating Officer in 2013, and later ascended to President in 2019. Orbach expressed confidence in Pribula’s leadership capabilities, indicating that his nearly 20-year tenure at the bank has equipped him with the necessary experience to lead the institution forward. “Chris has been an integral part of our team during his almost 20-year tenure. I look forward to continuing to work with him in his new role as Chief Executive Officer,” stated Orbach.

In addition to these changes, Neil Viotto, who served as the Senior Vice President—Senior Mortgage Lending Officer, has been appointed as the Executive Vice President and Chief Operating Officer. This promotion acknowledges Viotto’s significant contributions to the bank since returning in 2022 after a brief hiatus from 2011 to 2021. He will be tasked with managing the bank’s operations, lending, and marketing strategies moving forward.

About SR Bancorp, Inc.

SR Bancorp, Inc. operates as the holding company for Somerset Regal Bank, a comprehensive commercial bank located in Bound Brook, New Jersey. The bank has an extensive presence, functioning across 14 branches in several New Jersey counties including Essex, Hunterdon, Middlesex, Morris, Somerset, and Union. As of September 30, 2025, SR Bancorp reported total assets of approximately $1.11 billion, with $826.4 million in net loans and $869.6 million in deposits, alongside a total equity of $191.9 million. Interested parties can find more details about the bank by visiting Somerset Regal Bank's Website.

This leadership transition marks a crucial point for SR Bancorp, paving the way for future growth and continued service within the community it operates. As the company looks ahead, its dedicated team remains focused on leveraging their strengths to enhance their service offerings and meet the evolving needs of their customers.