Press Release:  July 10, 2006

Contact: Menzo Case, Executive Vice President and Chief Financial Officer
Phone:   (315) 568-5855

              SENECA-CAYUGA BANCORP, INC. COMPLETES STOCK OFFERING

Seneca  Falls,  New York -  Seneca-Cayuga  Bancorp,  Inc. (the  "Company"),  the
holding company for Seneca Falls Savings Bank (the "Bank"),  completed its stock
offering on July 10, 2006.  Shares of the Company's common stock are expected to
begin  trading on the OTC Bulletin  Board under the symbol "SCAY" the morning of
July 11, 2006.

The  Company  has  accepted  orders for  1,071,225  shares of common  stock at a
purchase price of $10.00 per share.  Such shares  represent 45% of the Company's
to-be-outstanding shares of common stock after completion of the stock offering.
The remaining 55% of the Company's  to-be-outstanding  shares, 1,309,275 shares,
will be issued to Seneca Falls Savings Bank, MHC, the Company's  existing mutual
holding company.

The Bank is a four branch community bank that provides financial services in the
communities of Seneca Falls, Waterloo,  Geneva and Auburn, New York. As of March
31, 2006, the Company had total consolidated  assets of $150.9 million and total
consolidated stockholder's equity of $10.1 million.

Keefe,  Bruyette & Woods,  Inc. acted as marketing  agent for the Company in the
stock offering,  and Luse Gorman Pomerenk & Schick, P.C. represented the Company
as its legal counsel.

For more  information,  contact Menzo Case,  Executive  Vice President and Chief
Financial  Officer of the Company at (315)  568-5855 or visit the  Company's web
page at www.senecafallssavings.com.










This press release  contains  forward-looking  statements  about the anticipated
closing  date.  Projections  about  future  events  are  subject  to  risks  and
uncertainties that could cause actual results to differ materially. Factors that
might  cause  such  differences  include,  but are not  limited  to,  delays  in
completing the stock offering and changes in the securities markets.