SR BANCORP, INC. ANNOUNCES MANAGEMENT CHANGES

SR Bancorp, Inc. (NASDAQ: SRBK), the holding company for Somerset Regal Bank, announced significant management changes in a press release dated November 20, 2025. William P. Taylor will retire as Chief Executive Officer, effective January 1, 2026, though he will continue to serve as a director and Executive Chairman of the Bank. Taylor's retirement concludes a distinguished 42-year career at Somerset, during which he helped guide the Bank through various transformations, including its public listing and a merger with Regal Bank in 2023.

Christopher Pribula, who has been with the company for nearly 20 years, will succeed Taylor as Chief Executive Officer. Pribula previously held the roles of Executive Vice President and Chief Operating Officer, making him well-versed in the Bank's operations. David Orbach, the Executive Chairman, expressed confidence in Pribula's leadership abilities and noted his integral role in the Bank’s success.

In addition to these changes, Neil Viotto has been promoted to Executive Vice President and Chief Operating Officer. Viotto, who has extensive experience in mortgage lending, will oversee the Bank's operations, lending, new business initiatives, and marketing efforts. He rejoined the Bank in October 2022 after a previous tenure from 2011 to 2021.

SR Bancorp, headquartered in Bound Brook, New Jersey, operates 14 branches across multiple counties, including Essex and Morris. As of September 30, 2025, the company reported total assets of $1.11 billion, net loans of $826.4 million, and total equity of $191.9 million. The management changes aim to bolster SR Bancorp's strategic direction as it continues to adapt to the evolving banking landscape.

The recent management changes announced by SR Bancorp, Inc. could present both opportunities and challenges for investors in the upcoming quarters. With William P. Taylor transitioning from CEO to Executive Chairman after a lengthy and impactful tenure, his extensive knowledge and experience will remain influential. However, the leadership shift to Christopher Pribula as the new CEO marks a pivotal moment for the company, which could affect investor sentiment and stock performance in the short run.

Pribula, who has nearly 20 years with the company, is no stranger to its operations and strategy, which should help maintain continuity. His experience as both President and Chief Operating Officer suggests he is well-prepared to take on the CEO role, especially as the company moves forward with its strategic goals, following its merger with Regal Bank in 2023. Furthermore, the promotion of Neil Viotto to Executive Vice President and Chief Operating Officer indicates a focus on enhancing operational efficiency and loan performance—both of which are critical to the growth strategy of the bank.

Investors should watch for how these changes impact the company’s performance metrics, particularly in return on equity and net interest margins, as the operational strategy shifts under new leadership. With total assets of $1.11 billion and a solid deposit base, SR Bancorp retains a robust position, but market conditions in the banking sector remain challenging.

In conclusion, while the immediate effects of management transitions can be volatile, SR Bancorp has a foundation of strong leadership continuity and institutional knowledge. It is advisable for investors to monitor quarterly earnings closely post-transition, as this will provide insights into how effectively the new management team executes its strategy. Long-term investors may find value in holding or even acquiring shares during this transitional phase, especially if the company meets growth projections.