Generations Bancorp NY Inc. and Generations Bank Secure Regulatory Approvals for P&A Transaction; Closing Set for January 2026
Generations Bancorp NY Inc. has secured regulatory approvals from the OCC and FDIC for its Purchase and Assumption Transaction with ESL Federal Credit Union, set to close on January 1, 2026. The purchase price is now $26,500,000, with shareholders expected to receive between $18.00 and $20.00 per share in cash, distributed in two payments post-closure, pending NCUA approval and other conditions.
Generations Bancorp NY Inc., the holding company for Generations Bank, has announced that it has received the necessary regulatory approvals from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) for its Purchase and Assumption Transaction with ESL Federal Credit Union. This transaction, initially announced earlier, is now set to close on January 1, 2026, pending approval from the National Credit Union Administration (NCUA) and other customary closing conditions. The transaction’s purchase price has been increased to $26,500,000, subject to adjustments at closing. Shareholders of Generations Bancorp are estimated to receive between $18.00 and $20.00 per share in cash, distributed in two payments over the months following the transaction’s closure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Generations Bancorp NY Inc. published the original content used to generate this news brief on September 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
