Lake Shore Bancorp, Inc (LSBK)

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About Lake Shore Bancorp, Inc

Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for small to medium sized businesses. The company’s loan portfolio consists of commercial real estate, commercial construction, and home equity loans; lines of credit; commercial loans, such as business installment loan, line of credit, and other commercial loan; one-to four-family residential mortgages; and consumer loans that include personal consumer loans, overdraft lines of credit, vehicle loans, secured and unsecured property improvement loans, and other secured loans, as well as loans secured by certificates of deposit. As of February 5, 2021, it had eleven full-service branch locations in Western New York, including five locations in Chautauqua County and six locations in Erie County, New York. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC. Address: 31 East Fourth Street, Dunkirk, NY, United States, 14048

Lake Shore Bancorp, Inc News and around…

Latest news about Lake Shore Bancorp, Inc (LSBK) common stock and company :

Lake Shore Bancorp, Inc. Announces 2021 Second Quarter and Year to Date Financial Results and Declares Dividend
26 Jul, 2021 FinancialContent
Would Shareholders Who Purchased Lake Shore Bancorp's (NASDAQ:LSBK) Stock Three Years Be Happy With The Share price Today?
21 May, 2021 Yahoo! Finance

As an investor its worth striving to ensure your overall portfolio beats the market average. But the risk of stock...

Lake Shore Bancorp, Inc. Announces 2021 First Quarter Financial Results and Declares Dividend
28 Apr, 2021 FinancialContent
Read This Before Considering Lake Shore Bancorp, Inc. (NASDAQ:LSBK) For Its Upcoming US$0.13 Dividend
20 Feb, 2021 Yahoo! Finance

Readers hoping to buy Lake Shore Bancorp, Inc. ( NASDAQ:LSBK ) for its dividend will need to make their move shortly...

Does Lake Shore Bancorp (NASDAQ:LSBK) Deserve A Spot On Your Watchlist?
10 Feb, 2021 Yahoo! Finance

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Lake Shore Bancorp, Inc. Announces Fourth Quarter 2020 Dividend
05 Feb, 2021 Yahoo! Finance

DUNKIRK, N.Y., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ Global Market: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced that the Company’s Board of Directors approved a $0.13 per share cash dividend on its common stock, payable on March 15, 2021, to shareholders of record as of February 26, 2021. Based on the Company’s closing stock price of $13.50 on February 3, 2021, the implied dividend yield for the Company’s common stock is currently 3.85%. On February 3, 2021, Lake Shore, MHC (the “MHC”), which holds 3,636,875 shares, or 62.5% of the Company’s total outstanding common stock, held a special meeting of its members (the members are depositors of Lake Shore Savings Bank). During this special meeting, the members approved a proposal for the MHC to waive its right to receive dividends declared by the Company on its common stock (up to an aggregated amount of $0.54 per share) during the next 12 months. More than 55% of the votes eligible were cast. Of the votes cast, 96.5% were in favor of the proposal. Following the receipt of member approval, the MHC will apply to the Federal Reserve Board for its non-objection to dividend waivers by the MHC for the next 12 months. If this non-objection is obtained from the Federal Reserve Board prior to March 15, 2021, the expected dividend payment date, the MHC intends to waive its receipt of the dividend. “We appreciate the annual efforts of our members to vote for the MHC dividend waiver,” stated Daniel P. Reininga, President and CEO. “This vote allows us to preserve capital at the mid-tier holding company and at the Bank so that we can leverage our resources to support the banking needs of our customers and communities.” Company ProfileLake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier holding company of Lake Shore Savings Bank, a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has eleven full-service branch locations in Western New York, with five locations in Chautauqua County, New York and six locations in Erie County, New York. The Company had total assets of $682.2 million and total deposits of $560.3 million as of December 31, 2020. The Bank offers a broad range of retail and commercial lending and deposit services. The Company’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about the Company is available at Safe-HarborThis release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about the Company’s and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to forecast. Therefore, actual results may differ materially from those expressed or forecast in such forward-looking statements. The Company and Bank undertake no obligation to update publicly any forward-looking statements, whether as a result of new information or otherwise. Investor/Media Contact Rachel A. FoleyChief Financial OfficerLake Shore Bancorp, Inc.31 East Fourth StreetDunkirk, New York 14048(716) 366-4070 ext. 1020

Lake Shore Bancorp, Inc. Announces Full Year 2020 and Fourth Quarter Financial Results
29 Jan, 2021 FinancialContent
Understanding Lake Shore Bancorp's Ex-Dividend Date
03 Nov, 2020 FinancialContent

Lake Shore Bancorp (NASDAQ:LSBK) declared a dividend payable on November 19, 2020 to its shareholders as of October 23, 2020. It ...

How Is Lake Shore Bancorp's (NASDAQ:LSBK) CEO Compensated?
30 Oct, 2020 Yahoo! Finance

Dan Reininga has been the CEO of Lake Shore Bancorp, Inc. (NASDAQ:LSBK) since 2011, and this article will examine the...

Lake Shore Bancorp, Inc. Announces 2020 Third Quarter and Year to Date Financial Results and Declares Dividend
26 Oct, 2020 FinancialContent

Lake Shore Bancorp, Inc (LSBK) is a NASDAQ Common Stock listed in , ,