Generations Bank closes branch in Albion Walmart
ALBION – A banking site that has been at the Albion Walmart since the store opened in June 2006 has closed.
Generations Bank decided the close the branch, which was originally Medina Savings and Loan. Medina merged with Generations Bank, which is based in Seneca Falls, on Oct. 1, 2018.
“The business of banking is changing rapidly, driven by technological advances,” said Michael Reed, vice president and marketing officer for Generations Bank. “We have found that our customers are enjoying the convenience of banking wherever and whenever they want with services like our mobile banking app and online banking.”
Generations is seeing increasing transactions from customers, but the number is declining an the office locations, with the Albion site no exception, Reed said.
“After much analysis it was determined that we could continue to serve our customers in the Albion area via our electronic platforms, Customer Contact Center and the much larger office location in Medina (just 10 miles away from the Albion location),” Reed said. “While we are not presently seeking additional locations in Orleans County, we do evaluate opportunities as they arise.”
The employees at the Albion branch have all been retained and will be working out of the Medina location.