ESL Federal Credit Union /
Generations Bank
ESL Federal Credit Union to acquire Generations Bank assets and liabilities
What happened
ESL Federal Credit Union agreed to acquire substantially all of the assets and assume substantially all of the liabilities of Generations Bank. The agreement was entered into on Sept. 23, 2024.
ESL Federal Credit Union will pay Generations Bank $26.2 million in cash. The transaction is subject to shareholder and regulatory approvals and other conditions.
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ESL Federal Credit Union to acquire Generations Bank assets and liabilities
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