---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191290"
form_type: "8-K"
ticker: "SRBK"
cik: "0001951276"
company_name: "SR Bancorp, Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:11:26.163402+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SR Bancorp commences stock offering up to 10.58M shares at $10; merger with Regal Bancorp pending

## Summary
- Offering up to 9.2M shares at $10 each (adjustable to 10.58M based on demand), expected list on Nasdaq as SRBK.
- Subscription offering priority to depositors, expires Aug 15, 2023; community offering for remaining shares.
- Regulatory approvals received from NJDOBI, FDIC, and FRBNY for conversion and merger with Regal Bancorp.
- Merger to occur after stock offering completion, with Somerset Savings Bank converting to commercial charter and renamed Somerset Regal Bank.
- Minimum offering condition: sale of at least 6.8M shares; proceeds partly used to fund charitable foundation with up to 529,000 shares and $1.1M cash.

## SEC filing metadata
- accession: 0001193125-23-191290
- form_type: 8-K
- ticker: SRBK
- cik: 0001951276
- company_name: SR Bancorp, Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951276/000119312523191290/0001193125-23-191290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951276/000119312523191290/d473037d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191290
- JSON: https://secwatch.observer/filing/0001193125-23-191290.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191290.txt

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