EMPLOYMENT AGREEMENT, BY AND BETWEEN SENECA SAVINGS BANK, NATIONAL ASSOCIATION AND ANGELO TESTANI, EFFECTIVE AS OF MAY 29, 2026.
Seneca Bancorp, Inc.
EMPLOYMENT AGREEMENT
This Employment Agreement (the “Agreement”) is made and entered into, effective as of May 29, 2026 (the “Effective Date”), by and between Seneca Savings Bank, National Association (the “Bank”) and Angelo Testani (“Executive”). Any reference to the “Company” means Seneca Bancorp, Inc., the stock holding company of the Bank, or any successor thereto.
WHEREAS, the Bank wishes to assure itself of the continued services of Executive for the period provided in this Agreement; and
WHEREAS, in order to induce Executive to remain in the employ of the Bank and to provide further incentive for Executive to achieve the financial and performance objectives of the Bank, the parties desire to enter into this Agreement; and
WHEREAS, the Bank desires to set forth the rights and responsibilities of Executive and the compensation payable to Executive, as modified from time to time.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows:
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