The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Lake Shore Bancorp in N.Y. plans second-step conversion

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.

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