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Subsequent Events
3 Months Ended
Mar. 31, 2022
Subsequent Events  
Subsequent Events

14. Subsequent Events

The Company has evaluated subsequent events through May 6, 2022, which is the date the consolidated financial statements were issued.

Generations Insurance Agency, Inc. (“Agency”), a fully owned subsidiary of Generations Bank, entered into a Management Agreement with The Northwoods Corporation (“Northwoods”) whereby Northwoods will assume customer service responsibilities for Generations Insurance Agency, Inc. effective April 1, 2022.  The Agency also entered into a Purchase Agreement under which Northwoods agreed to purchase the Agency’s book of business on January 1, 2024.