Generations Bancorp Ny, INC

Generations Bancorp NY, Inc. has announced its decision to voluntarily delist from the Nasdaq Stock Market and deregister its common stock with the Securities and Exchange Commission.

ESL Federal Credit Union will acquire Generations Bank for $26.2 million in cash, pending regulatory and shareholder approvals, with Generations Bancorp shareholders expected to receive between $18.00 and $20.00 per share.

Generations Bank has entered into a formal agreement with the Office of the Comptroller of the Currency (OCC) to address identified unsafe or unsound practices related to board oversight, strategic planning, and risk management.

Generations Bancorp NY, Inc. held its 2024 Annual Meeting of Stockholders on May 16, 2024, where directors were elected and the appointment of the independent auditor was ratified.

Generations Bancorp NY, Inc. reported a net loss for the second quarter of 2024, driven by increased interest expenses and a higher provision for credit losses.

Generations Bancorp NY reports a net loss for Q1 2024, driven by decreased net interest income and noninterest income, despite a reduction in noninterest expenses.

Generations Bancorp NY reports a net loss of $545,000 for Q1 2024, driven by decreased net interest income and noninterest income, despite a reduction in noninterest expenses.

Generations Bancorp NY, Inc. reports a net loss of $1.6 million for 2023, a significant decrease compared to the $1.1 million net income in 2022.

Angela M Krezmer, SVP and CFO of Generations Bancorp NY, reports the acquisition of stock options and shares, including restricted stock, through direct and indirect ownership.

ESL Federal Credit Union will acquire Generations Bank for $26.2 million in cash, pending regulatory and shareholder approvals, with Generations Bancorp shareholders expected to receive between $18.00 and $20.00 per share.

Generations Bancorp NY, Inc. will hold its 2024 Annual Meeting of Stockholders on May 16, 2024, to elect three directors and ratify the appointment of Bonadio & Co., LLP as its independent registered public accounting firm.