Seneca Bancorp, Inc. filings document the company's stock holding company structure, capital-structure events and governance record following the conversion of Seneca Financial MHC from mutual holding company form to fully public stock holding company form. Form 8-K reports cover the community offering, stockholder and member approvals, completion of the conversion and Seneca Savings Bank's charter conversion to a national association.
Proxy materials disclose annual meeting procedures, stockholder voting matters, board governance and executive compensation information, including equity-award and pay-versus-performance tables. The filings also identify securities-registration status under Section 12(b) and material-event exhibits tied to the reorganization.
Seneca Bancorp (SNNF) reported a Form 3 for a director effective 10/15/2025. The statement lists 9,873 shares of common stock held directly and stock options for 3,874 shares with an exercise price of $11.62, exercisable since 05/17/2022 and expiring 05/17/2032. This filing discloses the director’s beneficial ownership under Section 16.
Seneca Bancorp (SNNF) reported an insider ownership update. A company director filed an initial Form 3 stating beneficial ownership of 4,387 shares of common stock, held directly.
The event date was 10/15/2025, and the filing was made by one reporting person. The submission shows no derivative securities in Table II.
Seneca Bancorp (SNNF) reported an initial statement of beneficial ownership for an officer serving as SVP – Retail Banking as of 10/15/2025. The filing lists Common Stock holdings of 1,027 shares held directly, plus 839 shares held indirectly via an ESOP and 2,579 shares held indirectly via a 401(k). It also discloses stock options to acquire Common Stock: 2,421 shares at $9.50 (exercisable 08/16/2020, expiring 08/16/2029), 484 shares at $6.73 (05/19/2021–05/19/2030), and 484 shares at $10.07 (06/18/2022–06/18/2031).
Seneca Bancorp, Inc. (SNNF) reported an officer (SVP – Commercial Lending) filing an initial Form 3 on 10/15/2025 disclosing beneficial ownership.
Reported holdings: 1,065 Common Stock (direct); 1,072 (indirect via ESOP); 3,266 (indirect via 401(k)); and 7,000 (indirect via IRA). Derivatives include stock options for 2,421 shares at $9.50 (exercisable 08/16/2020, expiring 08/16/2029), 484 shares at $6.73 (05/19/2021–05/19/2030), and 484 shares at $10.07 (06/18/2022–06/18/2031).
Seneca Bancorp, Inc. (SNNF) disclosed an initial statement of beneficial ownership on Form 3 for a director, effective 10/15/2025. The filing reports 159,431 shares of common stock held directly and 2,803 shares held indirectly through a SEP IRA.
It also lists stock options on common stock: 3,874 options at an exercise price of $10.07 (exercisable 06/18/2022, expiring 06/18/2031) and 775 options at $11.62 (exercisable 05/17/2022, expiring 05/17/2032).
Seneca Bancorp (SNNF) executive filings show an initial Form 3 by the SVP - Operations as of 10/15/2025, detailing current holdings. Reported common stock includes 1,065 shares direct, plus 638 shares indirect via ESOP and 549 shares indirect via 401(k). Derivative positions comprise stock options for 1,453 shares at $9.5 expiring 08/16/2029, and options for 484 shares at $10.07 expiring 06/18/2031. The filing was made by one reporting person.
Seneca Bancorp, Inc. announced it has completed the conversion of Seneca Financial MHC from a mutual holding company to a fully public stock holding company, along with the related stock offering. The company also reported that Seneca Savings Bank’s charter was converted from a federal savings association to a national association.
These actions were disclosed alongside a press release filed as Exhibit 99.1.
Seneca Bancorp, Inc. reported that Seneca Financial Corp., the current holding company for Seneca Savings, plans to complete a corporate restructuring. The mutual holding company, Seneca Financial MHC, is converting from a mutual holding company structure to a fully public stock holding company structure. As part of this change, a related stock offering by Seneca Bancorp, Inc., the proposed successor holding company for the bank, is expected to close on October 15, 2025.
This transaction will shift Seneca Savings’ ownership from a mutual form, where a mutual holding company has an ownership interest, to a fully public structure with all ownership held through publicly owned stock. The company disclosed this information through a press release dated October 10, 2025, which is referenced as an exhibit.
Seneca Bancorp, Inc. reports that stockholders of Seneca Financial Corp. and members of Seneca Financial MHC have approved a Plan of Conversion and Reorganization. This plan will change the organization from a mutual holding company structure, where a mutual entity ultimately controls the company, to a full stock holding company structure. In connection with this change, Seneca Savings, referred to as the Bank, will convert from a federal savings bank charter to a national bank charter. These approvals clear the way for the company’s corporate and regulatory restructuring to proceed, as described in a related press release incorporated by reference.
Seneca Bancorp, Inc. reported interim 10-Q disclosures showing a pending conversion from a mutual to stock holding company expected in the fourth quarter of 2025 and requiring regulatory and member approvals. Investment securities had multiple positions in continuous loss for more than 12 months including municipal, mortgage-backed and corporate holdings, and an allowance is recorded for a defaulted Madison County Capital Resource Corp. bond with fair value determined by discounted cash flows (Level 3). Credit metrics include 32,000 in home equity loans and lines past due 90 days and still accruing. Construction commitments were $324.4 (unaudited) and $1.4 million at June 30, 2025 and December 31, 2024. The company pledged $62.9 million (unaudited) of deposits and $8.5 million (unaudited) of investment securities under a blanket collateral agreement; brokered deposits were $18.1 million (unaudited). The ESOP received $775,740 in proceeds to purchase 77,574 shares at $10.00 per share with a 4.25% fixed-rate loan; 59,650 shares remain unreleased with an aggregate market value of approximately $640,270 (unaudited). Compensation-related expenses and remaining equity compensation balances are disclosed for the periods ended June 30, 2025 and 2024.