SR Bancorp, Inc.

SR Bancorp, Inc. is a Maryland-chartered holding company whose primary business is the ownership of Somerset Regal Bank. SR Bancorp does not own or lease property directly but utilizes the premises and equipment of Somerset Regal Bank under an expense allocation agreement. As of June 30, 2026, SR Bancorp reported total assets of $1.19 billion, deposits of $926.4 million, and total stockholders' equity of $181.8 million. The company became the holding company for Somerset Regal Bank as part of the mutual-to-stock conversion of Somerset Savings Bank, SLA. Somerset Regal Bank was established on September 19, 2023, through the combination of Somerset Bank and Regal Bank, both New Jersey-chartered institutions. The Bank operates 14 branches across Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties in northern and central New Jersey. It provides a range of deposit and loan products to individuals and small businesses, primarily within its market. On September 19, 2023, in conjunction with the conversion of Somerset Savings Bank, SLA, SR Bancorp sold 9,055,172 shares of its common stock at $10.00 per share, which included 760,634 shares sold to Somerset Regal Bank's Employee Stock Ownership Plan.