Lake Shore Bancorp in Dunkirk, N.Y., has a new CEO.
The $700 million-asset company said in a press release that Kim Liddell was also named president and joined its board. He recently served as chairman, president and CEO of Delmarva Bancshares.
Liddell also serves on the board of BV Financial.
“We are extremely pleased to welcome Kim to the Lake Shore Savings team,” Kevin Sanvidge, Lake Shore’s chairman, said in the release. “I am confident that his vast and unique experience in banking will be a great asset to the bank as we look ahead towards what I know will be a bright future.”
Liddell succeeded Daniel Reininga, who retired shortly after the company’s bank was classified as being in a “troubled condition” by the Office of the Comptroller of the Currency as part of a February consent order.
Lake Shore has also suspended its quarterly dividend to focus capital resources on fixing “operational, compliance and governance deficiencies described in the order.”