Somerset Regal Bank
Headquartered in Bound Brook, NJ. Part of Sr Bancorp, Inc. FDIC certificate #28778 · Federal Reserve RSSD 159971.
Total assets
$1.1B
Deposits
$898M
Q1 2026
Active branches
14
Closings since Jan 2020
4
0 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$942K
Return on assets
0.33%
Return on equity
2.06%
Noncurrent loan rate
0.02%
Deposits by year (Summary of Deposits)
02019
02020
12021
12022
12023
12024
12025
Values in $ billions, June 30 of each year.
Closings by year
12023
32024
Other network changes since 2020
- 11 branches acquired through purchases or mergers
- September 19, 2023: legal name changed from “Somerset Savings Bank, SLA” to “Somerset Regal Bank”
Branches by state
Recent closings
- 570 W MOUNT PLEASANT AVE · closed September 25, 2024
- 151 N ADAMSVILLE RD · closed March 15, 2024
- Somerset Regal Bank — Summit, NJbank exits city360 SPRINGFIELD AVE · closed January 10, 2024
- 408 ELIZABETH AVE · closed September 20, 2023
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.somersetregalbank.com.