EMPLOYMENT AGREEMENTEmployment Agreement • October 28th, 2022 • SR Bancorp, Inc. • Savings institutions, not federally chartered • New Jersey
This Employment Agreement (the “Agreement”) is made and entered into as of the 25th day of July, 2022, to be effective as of the Effective Date as defined in Section 19 below, by and between Somerset Savings Bank, SLA, a New Jersey-chartered savings association (the “Bank”) and Christopher J. Pribula (the “Executive”). Any reference to the “Company” shall mean SR Bancorp, Inc., the proposed holding company of the Bank.
May 27, 2022SR Bancorp, Inc. • October 28th, 2022 • Savings institutions, not federally chartered
This letter sets forth the agreement between Somerset Savings Bank, SLA, Bound Brook, New Jersey (the “Company”) and RP® Financial, LC. (“RP Financial”), whereby the Company has engaged RP Financial to provide conversion appraisal and related services in conjunction with the proposed standard stock conversion transaction and simultaneous merger with a commercial bank in New Jersey (“Target”). The scope, timing and fee structure for these appraisal services are described below.
AGREEMENT AND PLAN OF MERGER BY AND AMONG SR BANCORP, INC., SOMERSET SAVINGS BANK, SLA AND REGAL BANCORP, INC. AND REGAL BANK JULY 25, 2022Agreement and Plan of Merger • October 28th, 2022 • SR Bancorp, Inc. • Savings institutions, not federally chartered • New Jersey
This AGREEMENT AND PLAN OF MERGER (this “Agreement”), is dated as of July 25, 2022, by and among Somerset Savings Bank, SLA, a New Jersey-chartered mutual savings association (“Somerset Bank”), SR Bancorp, Inc., a Maryland corporation that will become the holding company for Somerset Bank upon completion of the transactions contemplated by this Agreement (“SR Bancorp”), Regal Bancorp, Inc., a New Jersey corporation (“Regal Bancorp”), and its wholly owned subsidiary, Regal Bank, a New Jersey state bank (Somerset Bank and SR Bancorp, on the one hand, and Regal Bancorp and Regal Bank, on the other hand, are hereinafter referred to individually as a “Party” and collectively as the “Parties”).
