- Seneca Bancorp, Inc. (SNNF) announced the **completion of its conversion transaction** on **October 15, 2025**, which involved the conversion of Seneca Financial MHC to a fully public stock holding company and a related stock offering.  **[2072421_0000943374-25-000436_ex99-1_8k101525.htm:0]** **[2072421_0000943374-25-000436_form8k_101525.htm:1]** 
- The company sold **1,044,858 shares** of common stock at a price of **$10.00 per share**, generating approximately **$10.4 million** in total gross proceeds.  **[2072421_0000943374-25-000436_ex99-1_8k101525.htm:0]** 
- Seneca Bancorp's common stock is expected to begin trading on the **OTCQX Market under the symbol "SNNF" starting October 16, 2025**.  **[2072421_0000943374-25-000436_ex99-1_8k101525.htm:0]** 
- Following the conversion and stock offering, approximately **1,790,203 shares of Seneca Bancorp common stock are outstanding**.  **[2072421_0000943374-25-000436_ex99-1_8k101525.htm:0]**

Seneca Bancorp Completes Conversion Transaction and Stock Offering

- Seneca Bancorp, Inc. (SNNF) announced the expected closing of its conversion from a mutual holding company to a fully public stock holding company and a related stock offering on **October 15, 2025**.  **[2072421_0000943374-25-000430_ex99-1.htm:1]** 
- The company expects to sell **1,044,858 shares** of common stock at **$10.00 per share**, generating approximately **$10.4 million** in gross proceeds.  **[2072421_0000943374-25-000430_ex99-1.htm:1]** 
- Following the conversion, approximately **1,790,203 shares** of Seneca Bancorp common stock are expected to be outstanding.  **[2072421_0000943374-25-000430_ex99-1.htm:1]** 
- Seneca Bancorp's common stock is anticipated to begin trading on the **OTCQX Market** under the symbol **"SNNF"** starting **October 16, 2025**.  **[2072421_0000943374-25-000430_ex99-1.htm:1]**

Seneca Bancorp (SNNF)