Lake Shore Bancorp in Dunkirk, N.Y., is planning a second-step conversion to a fully stock-owned company.
The company said in a press release that its parent company, Laks Shore MHC, plans to convert in the third quarter. The bank will seek regulatory approval to become a New York-chartered commercial bank.
Lake Shore MHC owns about 63.4% of the Lake Shore Bancorp’s outstanding shares.