Generations Bancorp NY, Inc. and Generations Bank announce updated range of price per share consideration for dissolution of Generations Bancorp

Seneca Falls, New York – February 9, 2026 – Generations Bancorp NY, Inc. (the “Company”) (OTCQX: GBNY), the holding company for Generations Bank, and Generations Bank announced today an updated range for the price per share that shareholders are currently estimated to receive in the dissolution of the Company. The dissolution of the Company follows the Purchase and Assumption Transaction between Generations Bank and ESL Federal Credit Union which was consummated on January 1, 2026 (the “P&A Transaction”).

The Company reported that shareholders are currently estimated to receive in the dissolution of the Company between $15.00 and $16.00 in cash in exchange for each share of the Company’s common stock owned (the “per share consideration”). It is expected that the per share consideration will be distributed in one payment during the third quarter of 2026.

The per share consideration remains subject to significant variation and investors should not assume that the ultimate per share consideration distributed to shareholders will be within the range set forth above.

 

Contact:
Angela Krezmer, President and Chief Executive Officer
Generations Bancorp NY, Inc.
angela.krezmer@generationsbancorpny.com

 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements.  Forward-looking statements are not historical or current facts and they often include words like “believe,” “expect,” “anticipate,” “estimate,” “intend” or similar terminology.  Factors that could cause actual results to differ materially from those expected include delays in completing the liquidation and the dissolution.  Except as required by law, neither the Company nor Generations Bank undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statement is made.

---