ESL Federal Credit Union Announces Completion of Generations Bank Acquisition
Rochester, NY — ESL Federal Credit Union (ESL) announced it has completed the acquisition of substantially all of the assets of Generations Bancorp NY, Inc., the holding company of Generations Bank (Generations) on January 1, 2026.
Completion of the deal allows ESL to significantly grow its presence throughout Greater Rochester and the Finger Lakes region, adding eight new locations. ESL now has 33 full-service branches throughout the Greater Rochester and Finger Lakes region including a new branch presence in Cayuga, Orleans, and Seneca counties while expanding its footprint in Ontario County. ESL now holds more than $9.8 billion in assets and has more than 1,000 employees.
“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 & 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 Company (FDIC), National Credit Union Administration (NCUA) and Office of the Comptroller of the Currency (OCC), with all regulators providing approval in 2025.
Conversion of Generations accounts is expected to take place on February 1, 2026. Post closing, the credit union membership will grow to approximately 459,000 total members, and nearly 18,200 businesses. More information is available on the credit union’s website at esl.org/generations.
