SR Bancorp, Inc. announced that William P. Taylor will retire as chief executive officer effective January 1 2026 after a 42‑year career with the bank. Taylor will remain on the company’s board and serve as Executive Chairman of Somerset Regal Bank, the bank’s operating subsidiary. The announcement also named Christopher Pribula, the company’s president and chief operating officer, as the new CEO, effective the same date. Pribula has been with SR Bancorp since 2006 and has led the bank’s operations for nearly two decades, most recently as executive vice president and COO since 2013 and president since 2019.
William Taylor joined SR Bancorp in 1983, became CEO in 2013, and guided the company through its public conversion and the 2023 merger with Regal Bank. His long tenure has helped the bank build a solid regional presence, and his continued role as Executive Chairman will preserve institutional knowledge during the transition. Christopher Pribula, who joined the bank in 2006, has overseen day‑to‑day operations and has been instrumental in expanding the bank’s lending portfolio and branch network. His promotion to CEO signals a focus on operational execution and continued growth.
Neil Viotto, who rejoined SR Bancorp in October 2022 as senior vice president and senior mortgage‑lending officer, has been named executive vice president and chief operating officer. Viotto will oversee lending, new business, and marketing, reinforcing the bank’s emphasis on expanding revenue‑generating activities and strengthening its competitive position in the New Jersey market.
As of September 30 2025, SR Bancorp reported total assets of $1.11 billion, net loans of $826.4 million, and deposits of $869.6 million. These figures reflect a solid balance sheet and a healthy loan portfolio, positioning the bank to support its growth strategy under new leadership.
David Orbach, Executive Chairman, said, “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.” He added, “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.”
The transition is intended to maintain leadership continuity while positioning SR Bancorp for continued growth. By retaining Taylor on the board and promoting Pribula, the bank signals confidence in its operational foundation and its ability to build on recent expansion initiatives, including the 2023 merger and the ongoing development of its branch network and digital banking services.
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