Minerva Advisors LLC and affiliated entities filed an amended Schedule 13G reporting beneficial ownership of 108,052 shares of Seneca Bancorp, Inc. common stock, representing 6.0% of the outstanding shares.
Minerva Group, LP directly holds 70,402 shares, or 3.9% of the class, with related entities and David P. Cohen deemed beneficial owners of these shares and an additional 37,650 shares held by Minerva Advisors LLC. The ownership percentages are based on 1,790,151 Seneca Bancorp shares outstanding as of November 13, 2025. The reporting persons certify the holdings are not for the purpose of changing or influencing control of the company.
Positive
None.
Negative
None.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Seneca Bancorp, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
816945109
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
816945109
1
Names of Reporting Persons
Minerva Advisors LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
70,402.00
6
Shared Voting Power
37,650.00
7
Sole Dispositive Power
70,402.00
8
Shared Dispositive Power
37,650.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
108,052.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.0 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
816945109
1
Names of Reporting Persons
MINERVA GROUP LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
70,402.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
70,402.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
70,402.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
816945109
1
Names of Reporting Persons
MINERVA GP, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
70,402.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
70,402.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
70,402.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
816945109
1
Names of Reporting Persons
MINERVA GP, INC.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
PENNSYLVANIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
70,402.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
70,402.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
70,402.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
816945109
1
Names of Reporting Persons
COHEN DAVID P
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
70,402.00
6
Shared Voting Power
37,650.00
7
Sole Dispositive Power
70,402.00
8
Shared Dispositive Power
37,650.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
108,052.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.0 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Seneca Bancorp, Inc.
(b)
Address of issuer's principal executive offices:
35 OSWEGO STREET, BALDWINSVILLE, NY, 13027
Item 2.
(a)
Name of person filing:
Minerva Advisors LLC
Minerva Group, LP
Minerva GP, LP
Minerva GP, Inc.
David P. Cohen
(b)
Address or principal business office or, if none, residence:
50 Monument Road, Suite 201
Bala Cynwyd, PA 19004
(c)
Citizenship:
David P. Cohen is a U.S. Citizen.
Minerva Advisors LLC, Minerva Group, LP, and Minerva GP, LP are organized under Delaware law.
Minerva GP, Inc. is organized under Pennsylvania law.
(d)
Title of class of securities:
Common Stock, $0.01 par value
(e)
CUSIP No.:
816945109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Minerva Advisors LLC* - 108,052
Minerva Group, LP - 70,402
Minerva GP, LP* - 70,402
Minerva GP, Inc.* - 70,402
David P. Cohen* - 108,052
*Each of these reporting persons is deemed a beneficial owner of the 70,402 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 108,052 shares of the Issuer beneficially owned by Minerva Advisors LLC.
(b)
Percent of class:
Minerva Advisors LLC* - 6.0%
Minerva Group, LP - 3.9%
Minerva GP, LP* - 3.9%
Minerva GP, Inc.* - 3.9%
David P. Cohen* - 6.0%
*Each of these reporting persons is deemed a beneficial owner of the 3.9% of the shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 6.0% of the shares of the Issuer beneficially owned by Minerva Advisors LLC.
Based on a total of 1,790,151 shares of the Issuer's Common Stock outstanding as of November 13, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended September 30, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Minerva Advisors LLC* - 70,402
Minerva Group, LP - 70,402
Minerva GP, LP* - 70,402
Minerva GP, Inc.* - 70,402
David P. Cohen* - 70,402
*Each of these reporting persons is deemed a beneficial owner of the 70,402 shares of the Issuer held by Minerva Group, LP.
(ii) Shared power to vote or to direct the vote:
Minerva Advisors LLC - 37,650
David P. Cohen** - 37,650
**David P. Cohen is deemed a beneficial owner of the 37,650 shares of the Issuer beneficially owned by Minerva Advisors LLC.
(iii) Sole power to dispose or to direct the disposition of:
Minerva Advisors LLC* - 70,402
Minerva Group, LP - 70,402
Minerva GP, LP* - 70,402
Minerva GP, Inc.* - 70,402
David P. Cohen* - 70,402
*Each of these reporting persons is deemed a beneficial owner of the 70,402 shares of the Issuer held by Minerva Group, LP.
(iv) Shared power to dispose or to direct the disposition of:
Minerva Advisors LLC - 37,650
David P. Cohen** - 37,650
**David P. Cohen is deemed a beneficial owner of the 37,650 shares of the Issuer beneficially owned by Minerva Advisors LLC.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake does Minerva hold in Seneca Bancorp (SNNF)?
Minerva-related entities report beneficial ownership of 108,052 Seneca Bancorp shares, representing 6.0% of the common stock. This includes shares held directly by Minerva Group, LP and additional shares attributed through Minerva Advisors LLC and its control relationships with David P. Cohen.
How many Seneca Bancorp (SNNF) shares does Minerva Group, LP directly own?
Minerva Group, LP directly owns 70,402 shares of Seneca Bancorp common stock, equal to 3.9% of the class. Other Minerva entities and David P. Cohen are deemed beneficial owners of these shares through their control relationships, as detailed in the amended Schedule 13G filing.
Who are the reporting persons in this Seneca Bancorp (SNNF) Schedule 13G/A?
The reporting persons are Minerva Advisors LLC, Minerva Group, LP, Minerva GP, LP, Minerva GP, Inc., and David P. Cohen. Each is deemed a beneficial owner of shares held by Minerva Group, LP, with Cohen also deemed a beneficial owner of shares held by Minerva Advisors LLC.
On what share count are Minerva’s Seneca Bancorp (SNNF) ownership percentages based?
The reported ownership percentages are based on 1,790,151 Seneca Bancorp common shares outstanding as of November 13, 2025. This total share count comes from the company’s Form 10-Q for the quarter ended September 30, 2025, referenced in the ownership disclosure section.
Is Minerva seeking control of Seneca Bancorp (SNNF) with this stake?
The reporting persons certify the securities were not acquired and are not held to change or influence control of Seneca Bancorp. They also state the holdings are not part of any control-related transaction, other than potential activities solely connected to a nomination under Rule 240.14a-11.
