ESL Federal Credit Union has completed its acquisition of substantially all of the assets of Generations Bancorp, NY, Inc., the holding company for Generations Bank.
The transaction officially closed on Thursday, allowing ESL to significantly expand its presence across the Greater Rochester and Finger Lakes regions.
As part of the acquisition, ESL adds eight new branch locations, bringing its total to 33 full-service branches throughout the region. The expansion includes new locations in Cayuga, Orleans, and Seneca counties, as well as an expanded footprint in Ontario County.
Following the acquisition, ESL now holds more than $ 9.8 billion in assets and employs over 1,000 people.
“We’re excited to complete the acquisition of Generations Bank, marking a significant milestone for ESL and for the communities we serve,” said ESL President and CEO Faheem Masood. “We look forward to building new relationships with employees, customers, local businesses, and partners that are now part of our shared home. We also commit to investing in the people and places across Cayuga, Ontario, Orleans, and Seneca counties.”
The deal required regulatory approval from the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency. All approvals were granted in 2025.
ESL says the conversion of Generations customer accounts is expected to take place on February 1, 2026. Once that process is complete, ESL’s membership will grow to approximately 459,000 members, including nearly 18,200 business accounts.
Company officials say the acquisition strengthens ESL’s ability to serve consumers and businesses across the region while maintaining a strong local presence.
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