Generations Bancorp NY, Inc.: insider trades · United States · SEC (Form 4)

About Generations Bancorp NY, Inc.

Generations Bancorp NY, Inc. is a U.S. bank holding company whose shares were formerly listed on Nasdaq in the United States before the company’s voluntary delisting in October 2024. For investors, it represents a small, locally focused regional banking story rather than a large diversified financial institution. The holding company was formed in 2020 in connection with the conversion of Seneca-Cayuga Bancorp, but its main operating subsidiary, Generations Bank, traces its roots back to 1870. That long operating history matters: it underpins a relationship-based franchise built over decades in the northern Finger Lakes region of New York. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1823365/000155837023013182/gbny-20230630x10q.htm?utm_source=openai)) The group operates primarily through Generations Bank, a federally chartered savings bank headquartered in Seneca Falls, New York, and through Generations Commercial Bank, a New York State-chartered limited-purpose commercial bank created to accept municipal deposits under New York law. Its core revenue engine has been traditional community banking: taking deposits, originating loans to consumers and businesses, offering mortgage banking services, and providing standard retail and commercial banking products. The company also previously had an insurance agency business, but that business was sold in 2023, simplifying the operating profile and leaving the bank franchise as the central asset. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1823365/000155837023004596/gbny-20221231x10k.htm?utm_source=openai)) From a competitive standpoint, Generations Bancorp has operated as a community bank with a concentrated footprint rather than a scale player. Its market area has been centered on Seneca County and the broader Finger Lakes / central New York region, with branches and offices in communities such as Seneca Falls, Waterloo, Geneva, Auburn, Union Springs, Phelps, Farmington, and Medina. That local density can support customer loyalty and deeper municipal and small-business relationships, but it also limits geographic diversification and makes the franchise more sensitive to local economic conditions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1823365/000155837023013182/gbny-20230630x10q.htm?utm_source=openai)) Recent developments have been transformative. In September 2024, the company announced plans for a voluntary Nasdaq delisting and SEC deregistration. The same period also brought a purchase-and-assumption agreement with ESL Federal Credit Union covering substantially all of Generations Bank’s assets and liabilities. Shareholders approved the transaction in February 2025, and the deal closed on January 1, 2026. For equity investors, that means the company’s recent narrative has shifted away from public-market growth and toward wind-down / transition execution. In practical terms, Generations Bancorp NY, Inc. remains best understood as a historically significant United States community banking franchise that has exited the public market and is now in the final stages of strategic restructuring. ([generationsbancorpny.com](https://www.generationsbancorpny.com/news/generations-bancorp-ny-inc-and-generations-bank-announce-closing-of-purchase-and-assumption-transaction-with-esl-federal-credit-union/?utm_source=openai))