Generations Bancorp NY IncNASDAQ GBNY Stock Report

Generations Bancorp NY, Inc. operates as a holding company. The company is headquartered in Seneca Falls, New York and currently employs 83 full-time employees. The company went IPO on 2021-01-13. The company operates through Generations Bank and Generations Commercial Bank. Its segments include community banking, insurance agency, and municipal banking. The community banking segment provides financial services to consumers and businesses, principally in the Finger Lakes Region and Orleans County of New York State. These services include providing various types of loans to customers, accepting deposits, mortgage banking, and other traditional banking services. The insurance agency segment offers insurance coverage to businesses and individuals in the Finger Lakes Region. The municipal banking segment is a New York State-chartered limited-purpose commercial bank formed to enable local municipalities, primarily within the Finger Lakes Region and Northwest New York State, to deposit public funds with the Commercial Bank. The company offers a variety of deposit accounts, including demand accounts, money market accounts, and savings account.