Generations Bancorp NY Inc. and Generations Bank Secure Regulatory Approvals for P&A Transaction; Closing Set for January 2026
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Generations Bancorp NY Inc. has secured regulatory approvals from the OCC and FDIC for its Purchase and Assumption Transaction with ESL Federal Credit Union, set to close on January 1, 2026. The purchase price is now $26,500,000, with shareholders expected to receive between $18.00 and $20.00 per share in cash, distributed in two payments post-closure, pending NCUA approval and other conditions.
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