---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-23-000388"
form_type: "8-K"
ticker: "SRBK"
cik: "0001951276"
company_name: "SR Bancorp, Inc."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T12:39:20.160050+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SR Bancorp completes $90.6M IPO and merger with Regal Bancorp; shares trade on Nasdaq

## Summary
- Sold 9,055,172 shares at $10.00 each in IPO, raising ~$90.6M; 760,364 shares to ESOP.
- Merger with Regal Bancorp closed; each Regal share converted to $23 cash; Regal Bank merged into Somerset Regal Bank.
- Total common shares outstanding post-closing: 9,507,930; stock begins trading on Nasdaq under SRBK on Sept 20.
- Added three former Regal directors (Lebovitz, Lupo, Orbach) to boards; Orbach named Executive Chairman.
- Contributed 452,758 shares and $905,517 cash to Somerset Regal Charitable Foundation.

## SEC filing metadata
- accession: 0000943374-23-000388
- form_type: 8-K
- ticker: SRBK
- cik: 0001951276
- company_name: SR Bancorp, Inc.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951276/000094337423000388/0000943374-23-000388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951276/000094337423000388/form8k_092023good.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000388
- JSON: https://secwatch.observer/filing/0000943374-23-000388.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000388.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.