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ESL Federal Credit Union Subsidiary to Acquire Cooper/Haims Advisors

The acquisition of Cooper/Haims Advisors will expand and enhance ESL’s wealth management service offerings.

Rochester, NY — ESL Federal Credit Union announces that its subsidiary, ESL Investment Services, LLC, has entered into an agreement to acquire Cooper/Haims Advisors later this fall.

“This acquisition of Cooper/Haims will enhance and expand the broad wealth management services we already offer and is a part of our long-term plans to continually address the evolving needs of our market,” said Faheem Masood, President & CEO, ESL Federal Credit Union. “The Cooper/Haims team has an outstanding history of providing high-quality services and solutions to clients. We are delighted to welcome Cooper/Haims employees to the ESL family and we look forward to them contributing to our efforts of providing superior experiences to our clients.”

This effectively serves as an expansion of ESL Wealth Management services to include retirement planning, investment management, insurance planning, financial planning, tax planning, trust planning and administration, estate planning, and succession planning for individuals, businesses, and corporations.

“We are thrilled to be joining the ESL family and the stellar legacy they have built in the Greater Rochester area,” said Richard Bentley, Cooper/Haims Managing Partner. “Their deep commitment to their customers, employees, and the Greater Rochester community—coupled with their unparalleled service excellence and rich local heritage—provides an extraordinary opportunity for our business and the clients we serve. The team at Cooper/Haims looks forward to being a part of continuing that tradition.”

Cooper/Haims will be a wholly owned subsidiary of ESL Investment Services, LLC, once the deal is officially closed, which is expected to be later this fall. The company will continue to operate under the name, Cooper/Haims Advisors, out of its offices at 50 Square Drive in Victor, NY.

“Having the outstanding Cooper/Haims team join ESL will broaden the skillset in the wealth management space available to our clients,” said Leo Iacobelli, Senior Vice President/Director, ESL Wealth Management, and President and Chief Operating Officer, ESL Investment Services, LLC. “The addition of their knowledge and capabilities will allow us to service a greater breadth of clients throughout the Greater Rochester region and ensure we continue to provide the level of high-quality service that our clients expect.”

“Being a part of ESL will provide additional resources to enable us to deliver even better service,” said Jared Haims, Cooper/Haims Partner. “Changes in investments, technology, taxes, estate planning, and regulations are happening with increasing speed. The ESL team has done such a phenomenal job building their experience and expertise over the years that joining the organization will enhance our service offering at a level of depth not possible entirely on our own.”

After this acquisition is completed, ESL Wealth Management, will have more than $2 billion in invested assets.

About ESL Federal Credit Union

With nearly 100 years of locally-owned history, ESL Federal Credit Union serves as a full-service financial institution to approximately 364,000 members world-wide. The company provides personal, business banking, and wealth management services through its locally-based [current branch count] branch network, telephone, mobile, online, and live chat center.

The Rochester-based financial institution employs more than 810 people in Rochester, New York and holds $6.6 billion in assets. The company has appeared on the Great Place to Work® Best Small & Medium Workplaces list for eight years since 2010. ESL Federal Credit Union is headquartered at 225 Chestnut Street, in Rochester, and can be found on the Internet at www.esl.org.

Find and connect with ESL on Twitter (@ESLFCU) and Facebook.com/ESLFCU

For more information, contact:

Rich Pulvino
Manager, Corporate Communications
rpulvino@esl.org
585.336.1009