Seneca Bancorp, Inc.

Seneca Bancorp, Inc. is a Maryland corporation that operates primarily through its subsidiary, Seneca Savings Bank, National Association. The company was incorporated in June 2025 to become the registered bank holding company for Seneca Savings Bank following its conversion from a mutual holding company to a stock organization on October 15, 2025. In connection with this conversion, Seneca Bancorp sold 1,044,858 shares of common stock at $10.00 per share, generating gross proceeds of approximately $10.4 million. The company's common stock began trading on the OTCQX Market on October 16, 2025, under the symbol "SNNF." Seneca Bancorp is the successor to Seneca Financial Corp., which was the mid-tier stock holding company formed in October 2017 when Seneca Savings Bank converted to a mutual holding company structure. Upon the October 2025 conversion, shares of Seneca Financial Corp. common stock held by public stockholders were exchanged for Seneca Bancorp common stock at a ratio of 0.9684 shares of Seneca Bancorp common stock for each share of Seneca Financial Corp. common stock. Cash was paid for fractional shares at $10.00 per share. The company conducts its operations from its headquarters in Baldwinsville, New York. As the sole shareholder of Seneca Savings Bank, Seneca Bancorp is regulated and supervised by the Federal Reserve Board.