Generations Bancorp NY (GBNY) SC 13G Generations Bancorp NY / PRINCIPAL FINANCIAL ownership change

CUSIP No.  37149G108  13G  Page 1 of 5 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
		Generations Bancorp NY Inc.
		(Name of Issuer)
		Common Stock, no par value
		(Title of Class of Securities)
			37149G108
			(CUSIP Number)
			December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x	Rule 13d-1(b)
o	Rule 13d-1(c)
o	Rule 13d-1(d)
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act  (however, see the Notes).

  CUSIP No.  37149G108  13G  Page 2 of 5 

	Name of Reporting Persons-  Delaware Charter Guarantee & Trust Company dba Principal Trust Company as Directed Trustee   forthe Generations Bank 401(k) Plan and Generations Bank Employee Stock Ownership Plan.
	Check the Appropriate Box if a Member of a Group:  (a)  o  (b)  o
	SEC Use Only
	Citizenship or Place of Organization:  Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:		5. Sole Voting Power:	0
		6. Shared Voting Power:	225,480
		7. Sole Dispositive Power:	0
		8. Shared Dispositive Power:	225,480
	Aggregate Amount Beneficially owned by Each Reporting Person  225,480
	Check if Aggregate Amount in Row (9) Excludes Certain Shares:  o
	Percent of Class Represented by Amount in Row (9):   9.17%
	Type of Reporting Person:  EP

CUSIP No.  37149G108  13G  Page 3 of 5 

Item 1.
(a) Name of Issuer:						Generations Bank
(b) Address of Issuer’s Principal Executive Offices:						20 East Bayard Street  Seneca Falls, NY 13148
Item 2.
(a) – (c) Name, Principal Business Address and Citizenship of Person Filing:
	Delaware Charter Guarantee & Trust Company dba Principal Trust Company as Directed Trustee
	for the Generations Bank 401(k) Plan and Generations Bank Employee Stock Ownership Plan
	1013 Centre Road Ste 300
	Wilmington DE 19805-1265
	Citizenship:			Delaware
(d) Title of Class of Securities:					Common Stock, no par value
(e) CUSIP Number:					37149G108
Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(f)		x	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
Item 4. Ownership.
	Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a)	Amount beneficially owned: Delaware Charter Guarantee & Trust Company dba Principal Trust Company (the “Trustee”), in its capacity as the Directed Trustee of the Generations Bank 401(k) Plan and Generations Bank Employee Stock Ownership Plan (the “Plans”), may be deemed, as of December 31, 2021, the beneficial owner of 225,480 shares, in the aggregate, of the Issuer’s common stock which are owned by the Plans on behalf of numerous participants.  The securities reported include all shares held of record by the Trustee.  The Trustee follows the directions of the investment fiduciary named in the Plans, or other parties designated in the respective Plan’s trust agreement, with respect to voting and disposition of shares.  The Trustee, however, is subject to certain fiduciary duties under ERISA as limited in the trust agreements.  The Trustee disclaims beneficial ownership of the shares of common stock that are the subject of this Schedule 13G.
(b)	Percent of class: The 225,480 shares of common stock represent 9.17% of the Issuer’s outstanding shares of common stock.  The percent of class is based on shares outstanding as of December 31, 2021, as provided by the Issuer.

CUSIP No.  37149G108  13G  Page 4 of 5 

(c)	Number of shares as to which the person has:
	(i)		Sole power to vote or to direct the vote:	0
	(ii)		Shared power to vote or to direct the vote:	225,480
	(iii)		Sole power to dispose or to direct the disposition of:	0
	(iv)		Shared power to dispose or to direct the disposition of:	225,480
Item 5.  Ownership of Five Percent or Less of Class
		Not Applicable
Item 6.  Ownership of More Than Five Percent on Behalf of Another Person
		Shares as to which this Schedule 13G is filed are owned by the Plans on behalf of numerous participants, which participants receive dividends and the proceeds of the sale of such shares.  No such participant is known to have such an interest with respect to more than 5% of the class, except as follows: None.
Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
		Not Applicable
Item 8.  Identification and Classification of Members of the Group
		Not Applicable
Item 9.  Notice of Dissolution of Group
		Not Applicable
Item 10.  Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

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	SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
		Delaware Charter Guarantee & Trust Company
		As Directed Trustee
		/s/ Christopher Taylor
		Christopher Taylor  COO  January 13, 2022