Oklahoma Form of Agreement and Plan of Merger by Regional Bancorp, Inc., Medford Interim, Inc., and Medford Savings Bank
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In the conversion, SR Bancorp became the parent company of Somerset Savings Bank and sold shares of its common stock in a public offering. SR Bancorp in turn acquired Regal Bancorp, Inc. and its wholly-owned subsidiary Regal Bank, a commercial bank headquartered in Livingston, New Jersey.
SR Bancorp, Inc. operates as a bank holding company of Somerset Savings Bank. The Company, through its subsidiaries, provides banking services.
It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions.
SR Bancorp's transfer agent, Continental Stock Transfer & Trust Company expects to mail Direct Registration System ("DRS") Book-Entry statements for shares purchased in the subscription offering and interest checks shortly after the closing. Keefe, Bruyette & Woods, Inc. was SR Bancorp's selling agent in the offering.