New Jersey -based SR Bancorp, the holding company for Somerset Regal Bank, named a new CEO to replace its retiring chief executive.
Current SR Bancorp CEO William Taylor announced his retirement as CEO, effective January 1, 2026. Taylor will be succeeded by Christopher Pribula, the current president and chief operating officer of the bank.
Further, Neil Viotto, the current senior vice president—senior mortgage lending officer, was promoted to executive vice president and chief operating officer, replacing Pribula. Taylor will remain with the bank as executive chairman of the board.
“Bill’s decision to retire as Chief Executive Officer caps off a tremendously productive and successful 42-year career with Somerset,” David Orbach, executive chairman of the company, said. “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.”
Taylor joined the bank in 1983 as assistant vice president and controller. He became president in 2009 and CEO in 2013. He steered the bank through its conversion to a public company and its merger with Regal Bank in 2023.
“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,” Orbach said. “Also, Neil brings a wealth of experience. This promotion is a well-deserved recognition of his role and efforts to help the bank succeed.”
Pribula joined the bank in 2006. He was named executive vice president and chief operating officer in 2013 and president in 2019.
Viotto was an employee with the bank from 2011 until 2021 and then rejoined Somerset Regal Bank as senior vice president—senior mortgage lending officer in October 2022. He will be assuming responsibility for the bank’s operations, lending, new business and marketing areas.
Somerset Regal Bank is headquartered in Bound Brook, with 14 branches in Essex, Hunterdon, Middlesex, Morris, Somerset and Union counties.