Generations Bancorp NY, Inc. operates as a holding company for Generations Bank that provides various banking products and services. The company offers various deposit accounts, including demand, NOW, money market, savings, and certificates of deposit accounts. It also provides one- to four-family residential real estate loans; commercial real estate loans that are secured by office buildings, hotel and motels, wineries, manufacturing facilities, churches, retail and mixed-use properties, and light industrial properties; multifamily loans, which are secured by five or more-unit residential buildings; secured loans to professionals, sole proprietorships, and small businesses for commercial, corporate, and business purposes; manufactured home loans; automobile loans; home equity loans and lines of credit; construction loans; student loans; recreational vehicle loans; and other secured and unsecured consumer loans, such as loans secured by boats and savings deposits. In addition, it invests in securities, which include municipal bonds issued by states, local municipalities, and schools in the northeastern United States; and mortgage-backed securities issued by U.S. government sponsored entities and Federal Home Loan Bank of New York stock, as well as offers insurance and other financial products. It operates through main office located in Seneca Falls, New York; and eight full-service branch offices, one drive-through facility, and one in-store branch located in a Wal-Mart super center located in Albion, Auburn, Farmington, Geneva, Medina, Phelps, Seneca Falls, Union Springs, and Waterloo, New York. The company was founded in 1870 and is headquartered in Seneca Falls, New York.
IPO Year: 2021
Exchange: NASDAQ
Website: mygenbank.com
Live Leadership Updates
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. Ms. Krezmer's appointment marks her as the 13th and first female President & CEO of the Company. Ms. Krezmer, in addition to her role as President & CEO, has been elected to join the board of directors, contributing her valuable insights and leadership to the strategic direction of the bank. Ms. Krezmer, who has been serving as the Chief F
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NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the first quarter 2025 performance and quarterly rebalancing of the OTCQX® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index. The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 10.1% in Q1 2025. 35 new companies joined the Index while 41 companies were removed. Eagle Financial Services, Inc. (EFSI) went to NASDAQ on 2/7/2025. The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up 10.3% in Q1
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 re
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NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the first quarter 2025 performance and quarterly rebalancing of the OTCQX® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index. The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 10.1% in Q1 2025. 35 new companies joined the Index while 41 companies were removed. Eagle Financial Services, Inc. (EFSI) went to NASDAQ on 2/7/2025. The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies was up 10.3% in Q1
NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Generations Bancorp NY, Inc. (OTCQX:GBNY), the holding company for Generations Bank, has qualified to trade on the OTCQX® Best Market. Generations Bancorp NY, Inc. previously traded on NASDAQ. Generations Bancorp NY, Inc. begins trading today on OTCQX under the symbol "GBNY." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamline
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"). The Company has notified Nasdaq of its intent to voluntarily delist and withdraw the registration of its common stock with the SEC. The Company intends to file a Form 25 (Notification of Removal from Listing) with the 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 re
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. Ms. Krezmer's appointment marks her as the 13th and first female President & CEO of the Company. Ms. Krezmer, in addition to her role as President & CEO, has been elected to join the board of directors, contributing her valuable insights and leadership to the strategic direction of the bank. Ms. Krezmer, who has been serving as the Chief F
SENECA FALLS, N.Y., Aug. 20, 2021 /PRNewswire/ -- Generations Bancorp NY, Inc. (NASDAQ:GBNY), the holding company for Generations Bank, announced today that Senior Vice President of Credit Administration, Kenneth Winn, will be retiring effective January 1, 2022. Mr. Winn joined Generations in 2017, during his tenure with the Bank, he had responsibility for all of the Bank's lending programs, credit administration and loan servicing functions. Winn led many key initiatives for increased performance, resulting in a $70.7 million increase in total loans from December 31, 2017 thr
SENECA FALLS, N.Y., April 26, 2021 /PRNewswire/ -- Generations Bancorp NY, Inc. (NASDAQ:GBNY), the holding company for Generations Bank, announced today that Angela Krezmer is joining the Company as Senior Vice President and Chief Financial Officer effective June 7, 2021. She joins Generations from Prosper Bank, Coatesville, PA where she is the Chief Financial Officer and was formerly the CFO at Fairport Savings Bank (NY). As Senior VP and CFO, she will oversee the institution's financial strategies and SEC reporting obligations following Generations' recent Initial Public O
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