On September 25, 2024, SR Bancorp, Inc. closed one of its retail branch locations in Livingston, New Jersey. This branch was originally acquired as part of the merger with Regal Bancorp, Inc. in September 2023.
The decision to close the branch was made due to its close proximity to another existing Bank branch. This move aims to optimize the company's branch network and enhance operational efficiency.
The consolidation reflects SR Bancorp's strategy to streamline its physical footprint and manage costs effectively following the integration of the acquired operations.
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