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Table of Contents ☑ ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission file number 0-000 to Generations Bancorp NY , Inc. ( Exact name of registrant as specified in its charter ) Maryland ( State or other jurisdiction of incorporation or organization ) 85-3659943 ( I.R.S. Employer Identification No. ) Title of each class 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 Securities registered pursuant to Section 12 ( b ) of the Act : Common Stock , $ 0.01 par value Ticker Symbol GBNY Name of each exchange on which registered The NASDAQ Stock Market , LLC Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . YES □ NO Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . YES □ NO Indicate by check mark whether the Registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . YES NO □ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the Registrant was required to submit such files ) . YES ✓ NO □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See definitions of " large accelerated filer , " " accelerated filer " , " smaller reporting company " , and " emerging growth company " in Rule 12b - 2 of the Exchange Act . ( Check one ) : Large accelerated filer Non - accelerated filer ㅁ 冈 Accelerated filer ㅁ Smaller reporting company Emerging growth company 冈 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 7 ( a ) ( 2 ) ( B ) of the Securities Act . Indicate by check mark whether the Registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . YES NO There was no outstanding voting common equity of the Registrant as of June 30 , 2020. The aggregate market value of the voting and non - voting common equity held by non - affiliates of the Registrant , computed by reference to the last sale price on January 13 , 2021 ( $ 10.09 ) , the first date of trading in the common stock , was approximately $ 25.7 million As of March 25 , 2021 , there were issued and outstanding 2,551,940 shares of the Registrant's Common Stock . DOCUMENTS INCOPORATED BY REFERENCE Portions of the Proxy Statement for the Registrant's Annual Meeting of Stockholders ( Part III ) .