---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-102170"
form_type: "8-K"
ticker: "GBNY"
cik: "0001823365"
company_name: "Generations Bancorp NY, Inc."
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:07:52.370566+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-102170
- form_type: 8-K
- ticker: GBNY
- cik: 0001823365
- company_name: Generations Bancorp NY, Inc.
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823365/000110465924102170/0001104659-24-102170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823365/000110465924102170/tm2424547d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-102170
- JSON: https://secwatch.observer/filing/0001104659-24-102170.json
- Plain text: https://secwatch.observer/filing/0001104659-24-102170.txt

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