trending Market Intelligence /marketintelligence/en/news-insights/trending/_sbxnvismkisddi3r1nwua2 content esgSubNav
In This List

Seneca-Cayuga files to form a commercial bank in New York

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Seneca-Cayuga files to form a commercial bank in New York

Seneca Falls, N.Y.-based Seneca-Cayuga Bancorp Inc. (MHC) has applied with the Federal Deposit Insurance Corp. to form a commercial bank called Generations Commercial Bank, American Banker reported May 30.

Generations Commercial Bank will offer banking services to municipalities in New York, according to the news outlet. Seneca-Cayuga is forming a separate bank because mutual banks in New York are not permitted to work with municipalities, the publication reported, citing A.G. Cutrona, director of growth and profitability at Seneca-Cayuga's unit Generations Bank (MHC).