Bruce Steven Spencer's Schedule 13D Filing for Auburn National Bancorporation, Inc

Bruce Steven Spencer filed a Schedule 13D with the SEC regarding his ownership of shares in Auburn National Bancorporation, Inc. The filing reflects inheritance transfers to recipient trusts for the benefit of Bruce Steven Spencer. Prior to these transfers, Spencer individually held 5,914 shares and 102 shares as custodian for his minor son. He also had an indirect interest in 1,320 shares through Spencer LLC. The inheritance transfers included 47,882 shares from the Spencer 2008 Irrevocable Trust, 666,825 shares from the E.L. Spencer Estate and the Spencer 2008 Revocable Trust, and 17,000 shares from the Estate of Ruth P. Spencer and the Ruth Spencer Revocable Trust. As a result of these transfers, Spencer now holds 243,902 shares as trustee of the recipient trusts. Combined with his previously held shares, Spencer may be deemed to beneficially own 251,238 shares, representing 7.2% of the company's outstanding shares.