SNNFSeneca Finl Corp

About Seneca Finl Corp (SNNF)

Seneca Finl Corp (SNNF) is a Banks - Regional company headquartered in Baldwinsville, NY, United States whose shares trade over-the-counter on the Pink tier.

Seneca Financial Corp. (the "Company"), a federal corporation that was organized in 2017, is a savings and loan holding company of Seneca Savings (the "Bank"). The Bank maintains its executive offices and main branch in Baldwinsville, New York, with branches in Liverpool, North Syracuse and Bridgeport, New York. The Bank is a community-oriented savings bank whose business primarily consists of accepting deposits from customers within its market area and investing those funds primarily in residential mortgage loans. The Bank has one wholly-owned subsidiary: Seneca Savings Insurance Agency, Inc. dba Financial Quest ("Quest"). Quest offers financial planning and investment advisory services and sells various insurance and investment products through broker networks. The consolidated financial statements of the Company include the accounts of Quest and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation.

Products and services

Our business consists primarily of taking deposits from the general public and, historically, investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans, and, to a lesser extent, commercial real estate loans, home equity lines of credit, commercial and industrial loans, residential construction loans, and consumer loans. Subject to market conditions, we expect to increase our focus on originating commercial real estate loans and commercial and industrial loans in an effort to diversify our overall loan portfolio, increase the overall yield earned on our loans and assist in managing interest rate risk. We plan to sell in the secondary market the majority of the fixed-rate conforming one- to four-family residential real estate loans that we originate with terms of 20 years or greater. We also invest in securities, which have historically consisted primarily of mortgage-backed securities issued by U.S. government sponsored enterprises, municipal securities, U.S. Government Agency Securities, corporate bonds and Federal Home Loan Bank (FHLB) of New York stock. We offer a variety of deposit accounts, including demand accounts, NOW accounts, savings accounts, money market accounts and certificate of deposit accounts.

SNNF key facts

Ticker symbol

SNNF

Market tier

Pink

Sector

Financial Services

Industry

Banks - Regional

Headquarters

Baldwinsville, NY, United States

Country of incorporation

US

Year of incorporation

2017

Employees

57

Estimated market cap

$13.25M (as of Apr 16, 2025)

Shares outstanding

1,838,278

Reporting standard

U.S. Reporting: Bank/Thrift

Audit status

Audited

Fiscal year end

12/31

Latest filing

Annual Report (Dec 31, 2024)

Seneca Finl Corp leadership

• Joseph Vitale — President, CEO
• Vincent Fazio — EVP, CFO

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