Generations Bank (NY) Reviews and Rates

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.mygenbank.com

315-568-5855

19 Cayuga Street
Seneca Falls, NY 13148

Generations Bank (NY) is headquartered in SENECA FALLS and is the 82^nd largest bank in the state of New York. It is also the 2,139^th largest bank in the nation. It was established in 1870 and as of March of 2025, it had grown to 63 employees at 9 locations. Generations Bank (NY) has a B+ health rating.

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Health

B+

Data as of Q1 2025

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Generations Bank (NY) has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	16040
Year Established	1870
Employees	63
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	-0.96%
Return on Equity - YTD	-11.21%
Annual Interest Income	$4.2MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$383.7MM$409.6MM
Loans	Q1 2025vs Q1 2024	$301.1MM$329.3MM
Deposits	Q1 2025vs Q1 2024	$330.1MM$347.5MM
Equity Capital	Q1 2025vs Q1 2024	$33.2MM$34.8MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$2.6MM$3.1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$2.9MM$3MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for Generations Bank (NY).

Locations

Generations Bank (NY) Locations
Osborne Branch	10 Osborne Street	Auburn, NY 13021
Union Springs Branch	152 Cayuga Street	Union Springs, NY 13160
Bank Of Waterloo Branch	1865 North Road	Waterloo, NY 13165
Generations Bank	19 Cayuga St	Seneca Falls, NY 13148
Geneva Branch	342 Hamilton Street	Geneva, NY 14456
Auburn Branch-Seward Ave Branch	621-631 North Seward Avenue	Auburn, NY 13021
Phelps Branch	89 Main Street	Phelps, NY 14532
Farmington Branch	6120 State Route 96	Farmington, NY 14425
Maple Ridge Road Branch	11182 Maple Ridge Road	Medina, NY 14103

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