Executive Chairman David Orbach attributed the payout to the firm's current financial stability. As the parent company of Somerset Regal Bank, SR Bancorp manages a network of 14 branches across six New Jersey counties, including Essex, Hunterdon, and Middlesex.
As of June 30, 2026, the bank reported $1.19 billion in total assets, with net loans totaling $901.2 million and deposits reaching $926.4 million. The company maintains total equity of $181.8 million, supporting its ongoing commercial banking operations headquartered in Bound Brook.
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