SR Bancorp, Inc.

New Jersey community bank holding company behind Somerset Regal Bank

What SR Bancorp does

SR Bancorp owns Somerset Regal Bank, a community bank for individuals, businesses, and local governments in six central and northern New Jersey counties. It offers checking, savings, money market accounts, and CDs. It also makes loans for homes, commercial property, apartment buildings, businesses, and personal needs.

How SR Bancorp makes money

The bank takes in customer deposits and lends that money out as mortgages, commercial and consumer loans. It earns money mainly on the gap between the interest it charges borrowers and the interest it pays depositors, plus returns from its investment portfolio.

Products & services

• Checking, savings and money market accounts
• Certificates of deposit
• One- to four-family residential mortgages
• Commercial real estate and multi-family loans
• Commercial and industrial loans and lines of credit
• Home equity, personal and rehabilitation loans