DUNKIRK, N.Y., July 31, 2024 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the Firm) (NASDAQ: LSBK), the holding firm for Lake Shore Financial savings Financial institution (the Financial institution), introduced at the moment that the Board of Administrators declared a money dividend of $0.18 per share on its excellent frequent inventory. The dividend is predicted to be paid on August 16, 2024 to stockholders of document as of August 12, 2024. The Firm obtained the written approval from the Federal Reserve Financial institution of Philadelphia (the Reserve Financial institution) on July 8, 2024 to pay a money dividend of $0.18 per share to its stockholders.
About Lake Shore
Lake Shore Bancorp, Inc. (: LSBK) is the mid-tier holding firm of Lake Shore Financial savings Financial institution, a federally chartered, community-oriented monetary establishment headquartered in Dunkirk, New York. The Financial institution has eleven full-service department places in Western New York, together with 5 in Chautauqua County and 6 in Erie County. The Financial institution gives a broad vary of retail and industrial lending and deposit providers. The Firm’s frequent inventory is traded on the NASDAQ World Market as LSBK. Further details about the Firm is on the market at www.lakeshoresavings.com.
Secure-Harbor
This launch comprises sure forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995, which might be based mostly on present expectations, estimates and projections concerning the Firm’s and the Financial institution’s trade, and administration’s beliefs and assumptions. Phrases equivalent to anticipates, expects, intends, plans, believes, estimates and variations of such phrases and expressions are meant to determine forward-looking statements. Such statements mirror administration’s present views of future occasions and operations. These forward-looking statements are based mostly on info at present accessible to the Firm as of the date of this launch. You will need to be aware that these forward-looking statements are usually not ensures of future efficiency and contain and are topic to important dangers, contingencies, and uncertainties, lots of that are troublesome to foretell and are typically past our management together with, however not restricted to, compliance with the Financial institution’s Consent Order and an Particular person Minimal Capital Requirement each issued by the Workplace of the Comptroller of the Forex, compliance with the Written Settlement with the Federal Reserve Financial institution of Philadelphia, information loss or different safety breaches, together with a breach of our operational or safety programs, insurance policies or procedures, together with cyber-attacks on us or on our third occasion distributors or service suppliers, financial circumstances, the impact of adjustments in financial and monetary coverage, inflation, unanticipated adjustments in our liquidity place, local weather change, geopolitical conflicts, public well being points, elevated unemployment, deterioration within the credit score high quality of the mortgage portfolio and/or the worth of the collateral securing compensation of loans, discount within the worth of funding securities, the associated fee and skill to draw and retain key staff, regulatory or authorized developments, tax coverage adjustments, dividend coverage adjustments, and our skill to implement and execute our marketing strategy and technique and increase our operations. These components must be thought-about in evaluating ahead trying statements and undue reliance shouldn’t be positioned on such statements, as our monetary efficiency may differ materially on account of numerous dangers or uncertainties. We don’t undertake to publicly replace or revise our forward-looking statements if future adjustments make it clear that any projected outcomes expressed or implied therein is not going to be realized.
Supply: Lake Shore Bancorp, Inc.
Class: Monetary
Investor Relations/Media Contact
Taylor M. Gilden
Chief Monetary Officer and Treasurer
Lake Shore Bancorp, Inc.
31 East Fourth Road
Dunkirk, New York 14048
(716) 366-4070 ext. 1065
Supply: Lake Shore Bancorp, Inc.
