Seneca Bancorp Inc

Seneca Bancorp, Inc. (OTCQX: SNNF) is a Maryland corporation incorporated in June 2025 to serve as the registered bank holding company for Seneca Savings Bank, National Association, a federally chartered savings bank headquartered in Baldwinsville, New York. The bank completed its conversion from Seneca Financial MHC — a mutual holding company — to the stock form of organization on October 15, 2025, with Seneca Bancorp concurrently establishing itself as the stock holding company through a standard mutual-to-stock conversion process. The conversion offering sold 1,044,858 shares of common stock at a price of $10.00 per share, generating gross proceeds of approximately $10.4 million that were contributed to the bank to support its capital base and growth strategy.<br><br>Seneca Savings Bank, National Association operates five full-service branch locations in Onondaga County and Madison County in central New York State, serving the banking needs of individuals, families, and businesses in the greater Syracuse metropolitan area and surrounding communities. Onondaga County — home to the city of Syracuse, Syracuse University, and a diversified economic base encompassing healthcare, education, manufacturing, and government services — provides Seneca Savings Bank with a stable community banking market where established customer relationships and local service delivery create competitive advantages for community-focused institutions. The bank is subject to regulation and supervision by the Office of the Comptroller of the Currency as a federally chartered savings institution, as well as to Federal Reserve Board oversight as a holding company regulated under the Bank Holding Company Act of 1956.<br><br>Seneca Bancorp, Inc. began trading on the OTCQX Best Market on October 16, 2025 — the day after its conversion was completed — under the ticker symbol SNNF, providing its depositor-shareholders and new investors with a public trading venue for its common shares. The company files annual reports on Form 10-K and quarterly reports on Form 10-Q with the Securities and Exchange Commission, maintaining the public disclosure obligations of a registered bank holding company. As a recently converted community bank holding company, Seneca Bancorp occupies the early stages of its public company life cycle, establishing the governance, investor relations, and capital management practices appropriate to a publicly traded banking institution serving central New York communities.