Generations Bancorp NY, Inc. Common Stock

GBNY

Market cap $35.2M

SENECA FALLS, N.Y. , Sept. 24, 2024 /PRNewswire/ -- Generations Bancorp NY, Inc. ("Company") (Nasdaq: GBNY), the holding company for Generations Bank ("Bank"), announced its voluntary decision to delist its common stock from The Nasdaq Stock Market LLC ("Nasdaq") and its intent to deregister its common stock with the Securities and Exchange Commission ("SEC").

ROCHESTER, N.Y. and SENECA FALLS, N.Y., Sept. 24, 2024 /PRNewswire/ -- ESL Federal Credit Union, Generations Bank and its parent company Generations Bancorp NY, Inc. ("Generations Bancorp" (Nasdaq: "GBNY") and with Generations Bank, collectively "Generations") announced today that they have entered into a definitive purchase and assumption agreement whereby ESL Federal Credit Union will acquire substantially all of the assets and liabilities (including the deposit account liabilities) of Generations Bank in an all cash transaction ("the P&A Transaction"). As consideration for the P&A Transaction, ESL Federal Credit Union will pay Generations $26.2 million in cash and Generations Bank will retain its equity at the effective time of the P&A Transaction, less certain reductions and additions.

SENECA FALLS, N.Y. , Dec. 5, 2023 /PRNewswire/ -- Generations Bancorp NY, Inc. (Nasdaq: GBNY), the holding company for Generations Bank, announces today the appointment of Angela Krezmer as the new President & CEO, effective November 27, 2023.