Lake Shore Bancorp announces approval of plan to convert to public stock company; stockholders and members approved on July 1, 2025.
On July 1, 2025, Lake Shore Bancorp, Inc. revealed that stockholders of the company and members of Lake Shore, MHC gave the green light to the Amended and Restated Plan of Conversion and Reorganization. This move is part of Lake Shore MHC's shift from a mutual holding company to a fully public stock holding company, transitioning the Bank from a federal savings bank to a New York chartered commercial bank. Lake Shore Bancorp, Inc. (NASDAQ: LSBK) serves as the holding company for Lake Shore Savings Bank.
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