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Regulators OK Seneca mutual conversion

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Regulators OK Seneca mutual conversion

Regulators have approved Seneca Federal Savings and Loan Association's application to reorganize into a mutual holding company structure.

Proposed holding company Seneca Financial Corp. is likely to close the conversion-related offering Oct. 11. It expects to sell 910,305 shares in the subscription offering at $10.00 each.

The stock is expected to be quoted on the OTC Pink Marketplace beginning Oct. 12. The trading symbol has yet to be determined.