Generations Bank enters OCC supervisory agreement over unsafe practices

Generations Bancorp NY, Inc.

OCC found unsafe/unsound practices in board oversight, strategic planning, liquidity and interest rate risk management.
Bank must appoint a Compliance Committee of at least 3 directors, majority non-employee, within 15 days.
Requires written Board Oversight and Corporate Governance Program within 90 days, subject to OCC no-objection.
Must submit a three-year Strategic Plan within 120 days; annual updates and quarterly performance evaluations required.
Liquidity and interest rate risk management programs must be developed within 90 days, including contingency funding and stress testing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.