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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):   November 19, 2025

SR BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)

Maryland
001-41808
92-2601722
(State or Other Jurisdiction
of Incorporation)
(Commission File No.)
(I.R.S. Employer
Identification No.)

220 West Union Avenue, Bound Brook, New Jersey
08805
(Address of Principal Executive Offices)
(Zip Code)

Registrant’s telephone number, including area code: (732) 560-1700

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock, $0.01 par value
 
SRBK
 
The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 19, 2025, William P. Taylor announced that he will retire as Chief Executive Officer of SR Bancorp, Inc. (the “Company”) and its wholly owned subsidiary Somerset Regal Bank (the “Bank”), effective January 1, 2026. Mr. Taylor will remain as a director of the Company and Executive Chairman of the Bank. Mr. Taylor’s resignation as Chief Executive Officer was not related to a disagreement with the Company or the Bank on any matter relating to the Company’s or the Bank’s operations, policies or practices.

Effective January 1, 2026, Christopher J. Pribula will be appointed to serve as President and Chief Executive Officer of the Company and the Bank.  Mr. Pribula (age 61) has been President and Chief Operating Officer of Somerset Regal Bank, and its predecessor, Somerset Savings Bank, since 2019, having previously served as Executive Vice President and Chief Operating Officer beginning in 2013. Mr. Pribula also serves as the President and Chief Operating Officer of SR Bancorp.  Mr. Pribula will continue to serve as a director of the Company and the Bank.

Effective January 1, 2026, Neil Viotto, will be promoted to Executive Vice President and Chief Operating Officer of the Company and the Bank.  Mr. Viotto (age 56) has been the Senior Vice President—Senior Mortgage Lending Officer of the Company and the Bank since October 2022.  He served as the Director of Residential Lending for Peapack Gladstone Bank from May 2021 until October 2022.  From July 2011 until May 2021, Mr. Viotto served as the Loan Originations Manager for Somerset Savings Bank, SLA.

There are no relationships between either of Messrs. Pribula or Viotto and any director or executive officer of the Company or the Bank, and there have been no transactions directly or indirectly involving either of Messrs. Pribula or Viotto that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.

The Bank intends to enter into new employment agreements or amend its existing employment agreements with Messrs. Taylor, Pribula and Viotto in the near future to reflect these changes.

Item 8.01. Other Events.

On November 20, 2025, the Company issued a press release to disclose Mr. Taylor’s resignation as an executive officer and Messrs. Pribula’s and Viotto’s appointments as reported above.  A copy of the press release is attached as an exhibit hereto and incorporated into this Item 8.01 by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated November 20, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

   
SR BANCORP, INC.
     
     
DATE: November 20, 2025
By:  
/s/ William P. Taylor
   
William P. Taylor
Chief Executive Officer

EX-99.1 2 ex99-1.htm EXHIBIT 99.1 PRESS RELEASE DATED NOVEMBER 20, 2025
Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact:

William P. Taylor
Chief Executive Officer
SR Bancorp, Inc.
(732) 560-1700, ext. 5201
David Orbach
Executive Chairman
SR Bancorp, Inc.
(973) 716-0600, ext. 1601


SR BANCORP, INC. ANNOUNCES
MANAGEMENT CHANGES

BOUND BROOK, NEW JERSEY, November 20, 2025 – SR Bancorp, Inc. (the “Company”) (NASDAQ: SRBK), the holding company for Somerset Regal Bank (the “Bank”), announced that William P. Taylor has announced his retirement as Chief Executive Officer of the Company and the Bank, effective January 1, 2026.  Mr. Taylor will remain a director of the Company and Executive Chairman of the Bank.  Mr. Taylor will be succeeded by Christopher Pribula, who is currently the President and Chief Operating Officer.  Additionally, the Company announced that Neil Viotto, who is currently the Senior Vice President—Senior Mortgage Lending Officer, has been named Executive Vice President and Chief Operating Officer.

“Bill’s decision to retire as Chief Executive Officer caps off a tremendously productive and successful 42-year career with Somerset.  Bill has been extensively involved in many of the changes that have transformed the Bank over the years and he will be missed, although we are pleased to retain his institutional knowledge and banking acumen as he continues on the Board” said David Orbach, Executive Chairman of the Company.   “Chris has been an integral part of our team during his almost 20-year tenure here and I look forward to continuing to work with him in his new role as Chief Executive Officer,” continued Mr. Orbach.  “Also, Neil brings a wealth of experience.  This promotion is a well-deserved recognition of his role and efforts to help the Bank succeed.”

Mr. Taylor joined the Bank in 1983 as Assistant Vice President and Controller and became President in 2009 and Chief Executive Officer in 2013.  He has helped steer the Bank through the growth and changes experienced during his tenure, which include the conversion of the Bank to a public company and the merger with Regal Bank in 2023.

Mr. Pribula joined the Bank in 2006 and was named Executive Vice President and Chief Operating Officer in 2013 and President in 2019.

Mr. Viotto was an employee with the bank from 2011 until 2021 and then rejoined the Bank as Senior Vice President—Senior Mortgage Lending Officer in October 2022.  He will be assuming responsibility for the Bank’s operations, lending, new business and marketing areas.

About SR Bancorp, Inc.

SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service New Jersey commercial bank headquartered in Bound Brook, New Jersey that operates 14 branches in Essex, Hunterdon, Middlesex, Morris, Somerset and Union Counties, New Jersey. At September 30, 2025, SR Bancorp had $1.11 billion in total assets, $826.4 million in net loans, $869.6 million in deposits and total equity of $191.9 million. Additional information about Somerset Regal Bank is available on its website, www.somersetregalbank.com.