ROCHESTER, N.Y. — ESL Federal Credit Union here has completed its acquisition of substantially all assets of Generations Bancorp NY Inc., the holding company for Seneca Falls–based Generations Bank, according to the Central New York Business Journal.
The transaction closed Jan. 1 following regulatory approvals from the Federal Deposit Insurance Corp., National Credit Union Administration, and Office of the Comptroller of the Currency, all granted in 2025.
Founded in 1870, Generations Bank operates branches in Seneca Falls, Auburn, Union Springs, Waterloo, Geneva, Phelps, Farmington, and Medina. The acquisition adds eight locations to ESL’s network and expands its presence across the greater Rochester and Finger Lakes region, including new markets in Cayuga, Orleans, and Seneca counties and an expanded footprint in Ontario County.
With the deal, ESL now operates 33 full-service branches, holds more than $9.8 billion in assets, and employs more than 1,000 people. Membership rises to roughly 459,000 members and nearly 18,200 business accounts.
Systems conversion for Generations accounts is expected to be completed Feb. 1, the Central New York Business Journal added.