Mergers & Acquisitions ·
Seneca Bancorp sells Financial Quest advisory business to Boshart Wealth Management for $1.4M
SNNFSeneca Bancorp, Inc.
Seneca Savings Bank and its subsidiary, Seneca Savings Insurance Agency (doing business as Financial Quest), sold substantially all assets of their financial advisory and investment services business to Boshart Wealth Management, LLC for $1,400,000. The transaction closed on October 26, 2026. The agreement includes a three-year non-compete clause and requires the Bank to lease premises to the Buyer at specified monthly rents with an extension option. Seneca Bancorp operates as a bank holding company in New York.