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Generations Bancorp NY, Inc. Announces New CFO

Generations Bancorp NY, Inc. Names Angela Krezmer as Its New Chief Financial Officer

Seneca Falls, New York; April 26, 2021: Generations Bancorp NY, Inc. (Nasdaq:
GBNY), the holding company for Generations Bank, announced today that Angela
Krezmer is joining the Company as Senior Vice President and Chief Financial Officer
effective June 7, 2021. She joins Generations from Prosper Bank, Coatesville, PA
where she is the Chief Financial Officer and was formerly the CFO at Fairport
Savings Bank (NY).

As Senior VP and CFO, she will oversee the institution’s financial strategies and SEC
reporting obligations following Generations’ recent Initial Public Offering. A
graduate of Rochester Institute of Technology and ABA Stonier School of Banking,
Ms. Krezmer has worked in the banking industry since 2008.

“We are excited to add Angela to our executive team at such an important time for
our company” said Menzo Case President and CEO of Generations. “We have taken
on new responsibilities for public reporting and SEC compliance, and Angela’s
experience, knowledge and leadership will be great assets for us.”

“I am very pleased to be back in Upstate New York with this remarkable
organization” commented Ms. Krezmer, “There is so much opportunity and I look
forward to being a part of Generations’ success.”

Ms. Krezmer’s role with Generations becomes effective June 7th, she succeeds
Menzo Case, who has been acting chief financial officer since the retirement in 2020
of Shelley Tafel, Generations’ CFO of 10 years.

Disclosures Concerning Forward-Looking Statements
This press release contains certain forward-looking statements. Forward-looking
statements include statements regarding anticipated future events and can be
identified by the fact that they do not relate strictly to historical or current facts.
They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and
“intend” or future or conditional verbs such as “will,” “would,” should,” “could,” or
“may”. Forward-looking statements, by their nature, are subject to risks and
uncertainties. Certain factors that would cause actual results to differ materially
from expected results include delays in closing the conversion and stock offering;
possible unforeseen delays in delivering DRS Book-Entry statements or interest
checks; and/or delays in the start of trading due to market disruptions or