Highest-materiality recent filing
Generations Bancorp sells bank to ESL FCU for $26.2M; shareholders to get $18-20/share
ESL Federal Credit Union to acquire substantially all assets and assume liabilities of Generations Bank in all-cash deal.
Generations Bancorp NY plans voluntary Nasdaq delisting and SEC deregistration
Board voted Sept 23 to delist from Nasdaq; Form 25 to be filed Oct 4, last trading day Oct 4.
Generations Bank enters OCC supervisory agreement over unsafe practices
OCC found unsafe/unsound practices in board oversight, strategic planning, liquidity and interest rate risk management.
Generations Bancorp elects three directors; auditor ratified at annual meeting
James E. Garner elected with 925,803 for, 626,786 withheld.
Generations Bancorp promotes Angela Krezmer to President, CEO, CFO; salary raised to $250,000
Angela Krezmer promoted to President, CEO and CFO of Generations Bank and appointed to boards.
Generations Bancorp appoints Angela Krezmer as President and CEO, effective immediately
Angela Krezmer, 38, appointed director, President and CEO of Generations Bancorp NY and Generations Bank.
CEO Menzo Case passes away; CFO Angela Krezmer named interim Principal Executive Officer
President and CEO Menzo Case passed away on October 13, 2023.
Generations Bancorp NY authorizes repurchase of up to 91,000 shares (4% of outstanding)
Up to ~91,000 shares (~4% of outstanding common stock) authorized for repurchase.
Annual meeting elects three directors and ratifies Bonadio & Co. as auditor
Elected Frank J. Nicchi (1,232,213 for, 58,864 withheld), Alicia H. Pender (1,207,628 for, 83,449 withheld), Vincent P. Sinicropi (1,241,308 for, 43,769 withheld), each for three-year term.
Generations Bancorp authorizes stock buyback of up to 87,000 shares (~3.6% of outstanding)
Board authorized repurchase of up to 87,000 shares, representing ~3.6% of outstanding common stock.
Generations Bancorp shareholders elect three directors, ratify auditor, approve 2022 equity plan
Menzo D. Case (1,605,677 for), Dr. Jose A. Acevedo (1,594,269 for), Cynthia S. Aikman (1,597,310 for) elected as directors for three-year terms.
Generations Bancorp enters employment agreement with CFO Angela Krezmer; base salary $160,160
Agreement effective September 1, 2021, initial 3-year term with automatic annual renewal.
Generations Bancorp authorizes stock repurchase program for up to 83,300 shares (3.4%)
Board authorized repurchase of up to 83,300 shares, approximately 3.4% of outstanding common stock.
Generations Bancorp NY dismisses BKD as auditor; no disagreements in past engagements.
Dismissal of BKD, LLP effective March 24, 2022 after completing FY2021 audit.
Generations Bancorp outsources insurance agency operations and sells book of business to Northwoods
Management agreement effective April 1, 2022; Northwoods assumes customer service for Generations Insurance Agency.
Generations Bancorp NY engages Bonadio & Co. as independent auditor for FY2022
Engaged Bonadio & Co., LLP as independent registered public accounting firm for year ending Dec 31, 2022, effective March 15, 2022.
Generations Bancorp dismisses BKD, LLP as independent auditor; no disagreements
BKD dismissed as auditor effective upon issuance of FY 2021 financial statements.
Generations Bancorp NY imposes blackout period on insider trading due to 401(k) plan transition
Blackout period from Dec 14, 2021 to week of Jan 16, 2022 for directors and executive officers.
Generations Bancorp NY announces retirement of SVP Kenneth Winn effective Jan 1, 2022
Kenneth Winn, SVP of Credit Administration, to retire on January 1, 2022.
Ms. Krezmer’s position changed to President, Chief Executive Officer and Chief Financial Officer
Ms. Krezmer was appointed to the Board of Directors of both the Company and the Bank
Ms. Krezmer was appointed President and Chief Executive Officer of the Company and of Generations Bank.
appointed Angela Krezmer to the Company’s Board of Directors, effective immediately.
Mr. Menzo Case, President and Chief Executive Officer of the Company and the Bank, passed away on October 13, 2023.
The Company announced that effective October 16, 2023, Angela Krezmer, the Company’s Chief Financial Officer, has been appointed to serve as the Company’s interim Principal Executive Officer.
On August 20, 2021, Generations Bancorp NY, Inc. (the “Company”) announced the retirement of Kenneth Winn, the Company’s Senior Vice President for Credit Administration.
Max materiality 0.90 · Median 0.40 · Most common event other_material