Lake Shore Bancorp, Inc. offering 5,750,000 shares of common stock at $10.00 per share

From GlobeNewswire: 2025-05-23 16:00:00

Lake Shore Bancorp, Inc. is offering up to 5,750,000 shares of common stock at $10.00 per share as part of a conversion process. The stock will first be offered to eligible depositors and employees before a community offering. The company must sell at least 4,250,000 shares to complete the conversion. The offering is subject to final regulatory approvals and other conditions. Raymond James & Associates, Inc., is the marketing agent for Lake Shore Bancorp in this process. Lake Shore Savings Bank, headquartered in Dunkirk, New York, is the mid-tier holding company, with branches in Western New York.



Read more at GlobeNewswire: Lake Shore Bancorp, Inc. Announces Commencement of Stock