ESL Federal Credit to acquire Generations Bank for $26.2M in cash

Written by Emily J. Thompson, Senior Investment Analyst

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Updated: Sep 24 2024

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Acquisition Details: ESL Federal Credit Union will acquire Generations Bank's assets and liabilities for $26.2 million in cash, with the transaction expected to close in late 2025 pending regulatory approvals and shareholder consent.
Shareholder Payments: Generations Bancorp shareholders are projected to receive between $18.00 and $20.00 per share in two payments following the liquidation of Generations Bank, although this amount may vary based on several financial factors.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

ESL Federal Credit to acquire Generations Bank for $26.2M in cash

About the author

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