EX-99.1 2 ex99-1_8k092425.htm PRESS RELEASE DATED SEPTEMBER 24, 2025 EXHIBIT 99.1 Seneca Bancorp, Inc. Announces Closing of Community Offering BALDWINSVILLE, N.Y. - September 24, 2025 - Seneca Financial Corp. (“Seneca Financial”) (OTCID: SNNF), the holding company for Seneca Savings (the “Bank”), announced today that Seneca Bancorp, Inc. (“Seneca Bancorp”), a newly formed Maryland corporation and the proposed successor holding company of the Bank, closed the community offering for its shares of common stock in connection with the proposed conversion of Seneca Financial MHC from a mutual holding company to a stock holding company. Seneca Bancorp received orders at approximately the midpoint of the offering range, including the ESOP and valid orders received in the subscription offering. Valid orders received in the subscription offering will receive priority over any community offering orders. In the community offering, preference to purchase shares will first be given to natural persons (including trusts of natural persons) residing in the New York counties of Cayuga, Cortland, Madison, Oneida, Oswego and Onondaga and a second preference given to public stockholders of Senec…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Seneca Bancorp, Inc.
SNNFOTCEQUITYCurrent
Other Events
Item 8.01. Other Events. On September 24, 2025, Seneca Financial Corp. issued a press release to announce the closing of the community offering by Seneca Bancorp, Inc., a newly chartered Maryland corporation, in connection with the conversion of Seneca Financial MHC from a mutual holding company to a stock holding company. A copy of the press release is filed as an exhibit hereto and incorporated herein by reference.
Company context
Seneca Bancorp is a newly formed Maryland corporation. Following the completion of the conversion and stock offering, Seneca Bancorp will succeed Seneca Financial Corp. as the publicly traded holding company of Seneca Savings. Our executive offices are located at 35 Oswego Street, Baldwinsville, New York 13027, and our telephone number at this address is (315) 638-0233. Our website address is www.senecasavings.com. Information on our website is not and should not be considered a part of this prospectus.