0000943374-21-000189.txt : 20210426 0000943374-21-000189.hdr.sgml : 20210426 20210426141510 ACCESSION NUMBER: 0000943374-21-000189 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210426 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210426 DATE AS OF CHANGE: 20210426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Generations Bancorp NY, Inc. CENTRAL INDEX KEY: 0001823365 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39883 FILM NUMBER: 21853270 BUSINESS ADDRESS: STREET 1: 20 EAST BAYARD STREET CITY: SENECA FALLS STATE: NY ZIP: 13148 BUSINESS PHONE: (315) 568-5855 MAIL ADDRESS: STREET 1: 20 EAST BAYARD STREET CITY: SENECA FALLS STATE: NY ZIP: 13148 8-K 1 form8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  April 26, 2021

GENERATIONS BANCORP NY, INC.
(Exact Name of Registrant as Specified in Charter)

Maryland
  
001-39883
  
85-3659943
(State or Other Jurisdiction
of Incorporation)
  
(Commission File No.)
  
(I.R.S. Employer
Identification No.)
     
20 East Bayard Street, Seneca Falls, New York
  
13148
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant's telephone number, including area code: (315) 568-5855

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common stock, $0.01 par value per share
 
GBNY
 
The Nasdaq Stock Market, LLC
Title of Each Class
 
Trading Symbol(s)
 
Name of Each Exchange on Which Registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     Emerging growth company   ⌧

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Generations Bancorp NY, Inc. (the “Company”), the holding company of Generations Bank (the “Bank”), today announced that the Company has appointed Angela Krezmer to serve as the Company’s chief financial officer, effective June 7, 2021. At this date, Ms. Krezmer will replace Menzo Case, President and CEO of the Company, who has been serving as interim principal financial officer.

Ms. Krezmer, age 35, is currently Chief Financial Officer of Prosper Bank, Coatesville, Pennsylvania, a position she will hold until June 4, 2021 and which she has held since June 2020. Prior to this, Ms. Krezmer served for more than a decade at Fairport Savings Bank, Fairport, New York where she held various positions including, most recently, Chief Financial Officer.  Ms. Krezmer holds a Bachelor of Science in Accounting from Rochester Institute of Technology and is a graduate of the American Bankers Association Stonier Graduate School of Banking program.
Ms. Krezmer is not a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.

The Company issued a press release dated April 26, 2021 announcing the appointment of Ms. Krezmer which is furnished herewith and incorporated herein.

Item 9.01.
Financial Statements and Exhibits.

(d)
Exhibits
   
 
99.1      Press Release dated April 26, 2021

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


 

 
  GENERATIONS BANCORP NY, INC.
    
    
DATE: April 26, 2021
By:     /s/ Menzo D. Case
 
Menzo D. Case
 
President and Chief Executive Officer



EX-99.1 2 ex99-1.htm PRESS RELEASE DATED APRIL 26, 2021
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Michael Reed
Vice President - Marketing
Generations Bancorp NY, Inc.
Tel. (315) 568-5855

Generations Bancorp NY, Inc. Names Angela Krezmer as its new Chief Financial Officer

Seneca Falls, New York; April 26, 2021: Generations Bancorp NY, Inc. (Nasdaq: GBNY), the holding company for Generations Bank, announced today that Angela Krezmer is joining the Company as Senior Vice President and Chief Financial Officer, effective June 7, 2021.  She joins Generations from Prosper Bank, Coatesville, PA where she is the chief financial officer and was formerly the CFO at Fairport Savings Bank (NY).

As Senior VP and CFO, Ms. Krezmer will oversee the institution’s financial strategies and SEC reporting obligations following Generations’ recent Initial Public Offering.  A graduate of Rochester Institute of Technology and ABA Stonier School of Banking, Ms. Krezmer has worked in the banking industry since 2008.

“We are excited to add Angela to our executive team at such an important time for our company” said Menzo Case President and CEO of Generations. “We have taken on new responsibilities for public reporting and SEC compliance, and Angela’s experience, knowledge and leadership will be great assets for us.”

“I am very pleased to be returning to Upstate New York with this remarkable organization” commented Ms. Krezmer, “There is so much opportunity and I look forward to being a part of Generations’ success.”

Ms. Krezmer role with Generations becomes effective June 7th, she succeeds Menzo Case, who has been acting chief financial officer since the retirement in 2020 of Shelley Tafel, Generations’ CFO of 10 years.

Disclosures Concerning Forward-Looking Statements
This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” should,” “could,” or “may”. Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that would cause actual results to differ materially from expected results include.

About Generations
Generations partners with businesses, municipalities and residents across the Finger Lakes Region and Western New York to offer banking and insurance services. Founded in 1870 and headquartered in Seneca Falls, Generations serves the community from 10 retail locations in Seneca Falls, Auburn, Union Springs, Waterloo, Geneva, Phelps, Farmington, Albion and Medina.

In addition to traditional business and consumer deposit services, Generations Bank focuses on residential mortgages, automobile loans, home equity and commercial loans. The organization also serves the broader needs of the Finger Lakes area and Western New York through its insurance business, Generations Agency. For more information, visit MyGenBank.com