BOUND BROOK, N.J., 20 November 2025 – SR Bancorp, Inc. (NASDAQ: SRBK), the parent company of Somerset Regal Bank, has revealed that William P. Taylor will retire as Chief Executive Officer of both the Company and the Bank, effective 1 January 2026. However, Mr. Taylor will continue in his role as a director of the Company and as Executive Chairman of the Bank. He will be succeeded by Christopher Pribula, the current President and Chief Operating Officer.
In addition, the Company has appointed Neil Viotto, presently the Senior Vice President – Senior Mortgage Lending Officer, as Executive Vice President and Chief Operating Officer.
David Orbach, Executive Chairman of SR Bancorp, commented on Mr. Taylor’s retirement, saying, “Bill’s decision to retire marks the end of an extraordinary 42-year career with Somerset. His leadership has been instrumental in the Bank’s transformation over the years, and while he will be greatly missed, we are grateful that he will continue to offer his expertise on the Board.”
Mr. Orbach also spoke highly of Mr. Pribula’s promotion: “Chris has been a key member of the team for almost 20 years. I am excited to continue working with him in his new role as CEO.”
Mr. Viotto, a seasoned professional with a wealth of experience, will now oversee the Bank’s operations, lending, new business, and marketing efforts. Mr. Orbach noted that the promotion is a well-deserved recognition of his contributions.
Background of Leadership Changes:
| Name | Previous Role | New Role | Start Date |
|---|---|---|---|
| William P. Taylor | Chief Executive Officer | Executive Chairman, Director | 1 January 2026 |
| Christopher Pribula | President & Chief Operating Officer | Chief Executive Officer | 1 January 2026 |
| Neil Viotto | Senior Vice President – Senior Mortgage Lending Officer | Executive Vice President & Chief Operating Officer | 1 January 2026 |
Mr. Taylor joined Somerset Regal Bank in 1983 and served as President from 2009 and CEO from 2013. During his leadership, he guided the Bank through substantial growth, including its transition to a public company and its merger with Regal Bank in 2023.
Mr. Pribula, who joined the Bank in 2006, has held various leadership roles and became President in 2019. Mr. Viotto, who worked with the Bank from 2011 to 2021 before rejoining in 2022, has significantly contributed to the Bank’s mortgage lending division.
About SR Bancorp, Inc.
SR Bancorp, Inc. is the parent company of Somerset Regal Bank, a full-service commercial bank headquartered in Bound Brook, New Jersey. The Bank operates 14 branches across several counties in New Jersey. As of 30 September 2025, SR Bancorp reported assets of $1.11 billion, net loans of $826.4 million, deposits of $869.6 million, and total equity of $191.9 million.