---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-22-000125"
form_type: "8-K"
ticker: "GBNY"
cik: "0001823365"
company_name: "Generations Bancorp NY, Inc."
filed_at: "2022-03-24T23:59:59+00:00"
generated_at: "2026-06-26T18:45:30.836165+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Generations Bancorp outsources insurance agency operations and sells book of business to Northwoods

## Summary
- Management agreement effective April 1, 2022; Northwoods assumes customer service for Generations Insurance Agency.
- Purchase agreement for Agency's book of business set for January 1, 2024.
- Purchase price payable to the Bank over a six-year period.
- No financial terms of the agreements were disclosed.

## SEC filing metadata
- accession: 0000943374-22-000125
- form_type: 8-K
- ticker: GBNY
- cik: 0001823365
- company_name: Generations Bancorp NY, Inc.
- filed_at: 2022-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823365/000094337422000125/0000943374-22-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823365/000094337422000125/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-22-000125
- JSON: https://secwatch.observer/filing/0000943374-22-000125.json
- Plain text: https://secwatch.observer/filing/0000943374-22-000125.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.