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DUNKIRK, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on January 27, 2025. The dividend is expected to be paid on February 14, 2025 to stockholders of record as of February 10, 2025. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on January 9, 2025 to pay a cash dividend of $0.18 per share to its stockholders. About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-t
DUNKIRK, N.Y., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.5 million, or $0.26 per diluted share, for the fourth quarter of 2024 compared to net income of $749,000, or $0.13 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported unaudited net income of $4.9 million, or $0.88 per diluted share, as compared to $4.8 million, or $0.82 per diluted share for the year ended December 31, 2023. The Company's 2024 financial performance was positively impacted by a decrease in non-interest expenses as a r
DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank ("Bank"), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. ("Company") received termination notice of the Consent Order by the Office of the Comptroller of the Currency ("OCC"), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the "Troubled Condition" status. "Our primary goal has been remediation of the operational
Taylor Gilden (left) and Rachel Foley (right) DUNKIRK, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company"), its wholly-owned subsidiary, Lake Shore Savings Bank (the "Bank"), and Lake Shore, MHC (the "MHC"), appointed Taylor Gilden as Chief Financial Officer ("CFO") and Treasurer and Rachel Foley as Chief Operating Officer ("COO") of the Company, the Bank, and the MHC. In these roles, Mr. Gilden will be responsible for the organization's financial and risk management and reporting while Ms. Foley will be responsible for deposit and retail loan operations. Mr. Gilden and Ms. Foley will work closely together to strengthen and enhance the organization's finance
DUNKIRK, N.Y., April 29, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.1 million, or $0.19 per diluted share, for the first quarter of 2025 compared to net income of $1.0 million, or $0.17 per diluted share, for the first quarter of 2024. The Company's financial performance for the first quarter of 2025 was positively impacted by an increase in net interest income along with a decrease in non-interest expenses because of efforts to optimize operating expenses while continuing to reduce its reliance on wholesale Federal Home Loan Bank of New York ("FHLBNY") fu
DUNKIRK, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that the Board of Directors of its parent mutual holding company, Lake Shore, MHC, has adopted a Plan of Conversion and Reorganization pursuant to which Lake Shore, MHC will undertake a "second step" conversion from the mutual holding company structure to the stock holding company structure. In connection with the second step conversion, the Bank intends to seek regulatory approval to convert its charter to a New York-chartered commercial bank. Lake Shore, MHC currently owns approximately 63.4% of the outstan
DUNKIRK, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on January 27, 2025. The dividend is expected to be paid on February 14, 2025 to stockholders of record as of February 10, 2025. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on January 9, 2025 to pay a cash dividend of $0.18 per share to its stockholders. About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-t
SC 13G/A - LAKE SHORE BANCORP, INC. (0001341318) (Subject)
SC 13G - LAKE SHORE BANCORP, INC. (0001341318) (Subject)
8-K - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
10-K - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
8-K - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
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4 - LAKE SHORE BANCORP, INC. (0001341318) (Issuer)
4 - LAKE SHORE BANCORP, INC. (0001341318) (Issuer)
4 - LAKE SHORE BANCORP, INC. (0001341318) (Issuer)