Generations Bancorp sells bank to ESL FCU for $26.2M; shareholders to get $18-20/share

Generations Bancorp NY, Inc.

ESL Federal Credit Union to acquire substantially all assets and assume liabilities of Generations Bank in all-cash deal.
Base purchase price $26.2M; per-share consideration estimated at $18.00-$20.00 for GBNY common stock.
2,241,801 shares outstanding; shareholders to receive payments in two tranches over 12-18 months post-close.
Transaction expected to close late Q2 or Q3 2025, subject to regulatory and shareholder approvals.
Upon closing, Generations Bank will liquidate; Generations Bancorp will dissolve after asset distribution.

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