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Generations Bank is in the final stages of purchasing property in Seneca Falls for its new headquarters.
The site includes a 20,000-square-foot building that is being renovated to house the bank’s customer support services, including loan servicing, accounting, information technology operations, data support and the senior management team. By the end of 2015, roughly 50 employees will work there, officials said.
Plans are in place to use a portion of the building for a retail-cafe space where local students can learn how the bank operates. The site was formerly an IGA store.
Its current headquarters is on Cayuga Street. The branch there will not be affected by the move, officials said.
“Moving to the Bayard Street location will allow us to consolidate departments and improve efficiency, which will ultimately lead to a better experience for our customers,” said Menzo Case, Generations Bank president and CEO, said in a statement. “This is a cost-effective move from a business perspective, and the renovated facility will help beautify our community.”
The bank—formerly Seneca Falls Savings Bank—is scheduled to open a branch in Farmington, Ontario County, this year.
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