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Announced

ESL Federal Credit Union to acquire all of the assets and liabilities from Generations Bancorp for $26.2m.

Synopsis

ESL Federal Credit Union, a provider of personal and business banking, agreed to acquire all of the assets and liabilities from Generations Bancorp, a provider of a range of banking products and services, for $26.2m. "This deal is a strong fit for ESL and Generations because both organizations are committed and dedicated to serving their employees, customers and their communities. We look forward to our future as a stronger, growing financial institution, and bringing the superior experiences we are known for to employees and customers in new communities," said Faheem Masood, ESL President and CEO.

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