<SEC-DOCUMENT>0000943374-25-000099.txt : 20250214
<SEC-HEADER>0000943374-25-000099.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214124050
ACCESSION NUMBER:		0000943374-25-000099
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pathfinder Bancorp, Inc.
		CENTRAL INDEX KEY:			0001609065
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				383941859
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-88594
		FILM NUMBER:		25625837

	BUSINESS ADDRESS:	
		STREET 1:		214 WEST FIRST STREET
		CITY:			OSWEGO
		STATE:			NY
		ZIP:			13126
		BUSINESS PHONE:		(315) 343-0057

	MAIL ADDRESS:	
		STREET 1:		214 WEST FIRST STREET
		CITY:			OSWEGO
		STATE:			NY
		ZIP:			13126

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pathfinder Bank Employee Stock Ownership Plan Trust
		CENTRAL INDEX KEY:			0002055390
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		214 WEST FIRST STREET
		CITY:			OSWEGO
		STATE:			NY
		ZIP:			13126
		BUSINESS PHONE:		315-343-0057

	MAIL ADDRESS:	
		STREET 1:		214 WEST FIRST STREET
		CITY:			OSWEGO
		STATE:			NY
		ZIP:			13126
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0002055390</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001609065</issuerCik>
<issuerName>Pathfinder Bancorp, Inc. MD</issuerName>
<issuerCusip>70319R109</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>214 West First Street</com:street1>
<com:city>Oswego</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>13126</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Pathfinder Bank Employee Stock Ownership Plan Trust</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>NY</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>344643</sharedVotingPower>
<soleDispositivePower>331405</soleDispositivePower>
<sharedDispositivePower>13238</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>344643</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>5.6</classPercent>
<typeOfReportingPerson>EP</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Pathfinder Bancorp, Inc. MD</issuerName>
<issuerPrincipalExecutiveOfficeAddress>214 West First Street, Oswego, New York, 13126</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Pathfinder Bank&#13;
Employee Stock Ownership Plan Trust&#13;
Trustee: Pentegra Trust Company</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>c/o Pentegra Services, Inc.&#13;
2 Enterprise Drive, Suite 408&#13;
Shelton, CT 06484</principalBusinessOfficeOrResidenceAddress>
<citizenship>New York</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>EP</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>344,643</amountBeneficiallyOwned>
<classPercent>5.6</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>0</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>344,643</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>331,405</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>13,238</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>N</notApplicableFlag>
<identificationAndClassificationOfGroupMembers>The reporting person is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974.</identificationAndClassificationOfGroupMembers>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>Pathfinder Bank Employee Stock Ownership Plan Trust</reportingPersonName>
<signatureDetails>
<signature>/s/ Paula Edmonds</signature>
<title>Paula Edmonds, SVP, Pentegra Trust Company, as Trustee</title>
<date>02/07/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
