ROCHESTER, N.Y.–ESL Federal Credit Union said that effective Jan. 1 it has completed its acquisition of substantially all of the assets of Generations Bancorp, NY, Inc., the holding company for Generations Bank. The $9.8-billion credit union said the move will allow it to significantly expand its presence across the Greater Rochester and Finger Lakes regions.
As part of the acquisition, ESL said it has added 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.
‘Building New Relationships’
“We’re excited to complete the acquisition of Generations Bank, marking a significant milestone for ESL and for the communities we serve,” ESL President and CEO Faheem Masood said in a statement. “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.”
ESL said the conversion of Generations customer accounts is expected to take place on Feb. 1, 2026. Once that process is complete, ESL’s membership will grow to approximately 459,000 members, including nearly 18,200 business accounts.
