Seneca Bancorp (SNNF) ESOP trust holds 158,710 shares, an 8.9% stake
Rhea-AI Filing Summary
Seneca Bancorp, Inc. reports a Schedule 13G ownership disclosure. The filing shows Amended and Restated Seneca Savings Bank, National Association Employee Stock Ownership Plan Trust 2, with trustee Community Bank of Pleasant Hill dba First Trust of MidAmerica, beneficially owns 158,710 shares of common stock, representing 8.9% of the class as of 12/31/2025. The filing breaks down voting and dispositive power: sole voting power 134,965, shared voting power 23,745, and sole dispositive power 158,710. The form is signed by Gerald Lau on 02/27/2026.
This disclosure records substantial institutional ownership by an employee stock ownership plan trust and provides a clear ownership snapshot for shareholders and regulators.
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Insights
Trust-held shares give the Employee Stock Ownership Plan a visible 8.9% stake as of 12/31/2025.
The filing identifies the holder as an amended and restated ESOP trust with trustee Community Bank of Pleasant Hill dba First Trust of MidAmerica. The trust reports sole dispositive power over 158,710 shares and a combined voting breakdown, useful for board and proxy calculations.
Beneficial ownership filings like this inform governance analyses; subsequent disclosures may show if the trust's voting aligns with management or other large holders.
This Schedule 13G provides a dated ownership snapshot and voting-power detail for shareholder registers.
The breakdown: sole voting power 134,965 shares, shared voting power 23,745 shares, and sole dispositive power 158,710 shares, all anchored to 12/31/2025. The filing is signed on 02/27/2026.
These specifics help calculate concentration and potential voting blocs; any changes would appear in later ownership amendments or Schedule 13D filings.