ESL could be operating in Medina at Generations Bank site soon after Jan. 1, 2026

MEDINA – ESL Federal Credit Union is moving closer to acquiring the assets of Generations Bank, which operates a branch in Medina.

The two organizations announced an acquisition deal in September 2024. Generations merged with the former Medina Savings & Loan in 2018. Generations is based at Seneca Falls and has nine locations including a site in Medina on Maple Ridge Road.

On Sept. 3, ESL and Generations Bank announced regulatory approvals from Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency for the purchase and assumption transaction. The closing price has increased from $26.2 to $26.5 million.

The transaction is expected to close on Jan. 1, 2026. The Generations branches should see rebranding to ESL sites after Jan. 1, said Zachary Case, marketing communications specialist for Generations.

The final closing remains subject to the approval of the National Credit Union Administration and other customary closing conditions.

Generations Bancorp’s shareholders are currently estimated to receive an aggregate of between $18 and $20 in cash in exchange for each share of Generations Bancorp common stock owned.

Generations was organized in 1870. Its main office is in Seneca Falls. There are eight full-service offices and one drive-through facility located in Auburn, Farmington, Geneva, Medina, Phelps, Seneca Falls, Union Springs and Waterloo.

Upon completion of the transaction with Generations, ESL is expected to have total assets of approximately $9.6 billion and will increase its footprint to more than 30 full-service branches throughout the Greater Rochester and Finger Lakes region.