Core Viewpoint - Lake Shore Bancorp, Inc. has received approval from stockholders and members for its conversion plan from a mutual holding company to a fully public stock holding company, along with the Bank's transition to a New York chartered commercial bank [1] Group 1: Company Overview - Lake Shore Federal Bancorp is the mid-tier holding company for Lake Shore Savings Bank, which is a federally chartered, community-oriented financial institution based in Dunkirk, New York [4] - The Bank operates ten full-service branch locations in Western New York, providing a wide range of retail and commercial lending and deposit services [4] - Lake Shore Federal Bancorp's common stock is traded on the NASDAQ Global Market under the ticker symbol "LSBK" [4] Group 2: Conversion and Reorganization - The special meetings held on July 1, 2025, resulted in the approval of the Amended and Restated Plan of Conversion and Reorganization [1] - The completion of the conversion and stock offering is contingent upon receiving final regulatory approvals and meeting customary closing conditions [2]

Core Viewpoint - Lake Shore Bancorp, Inc. is initiating a common stock offering as part of its conversion from a mutual holding company to a stock holding company, which includes renaming the Bank to Lake Shore Bank and converting its charter to a New York commercial bank [1][4]. Group 1: Stock Offering Details - Lake Shore Bancorp is offering up to 5,750,000 shares of common stock at a price of $10.00 per share, with the possibility of increasing to 6,612,500 shares [2]. - The stock will be available to eligible depositors and the employee stock ownership plan, with a community offering for unsubscribed shares, prioritizing residents of Chautauqua, Erie, and Cattaraugus counties [2]. - A minimum of 4,250,000 shares must be sold to complete the conversion and stock offering, subject to regulatory approvals and customary closing conditions [4]. Group 2: Company Background - Lake Shore Federal Bancorp is the mid-tier holding company for Lake Shore Savings Bank, a community-oriented financial institution based in Dunkirk, New York, with ten full-service branches in Western New York [6]. - The Bank provides a range of retail and commercial lending and deposit services, and its common stock is traded on NASDAQ under the symbol "LSBK" [6]. Group 3: Contact and Information - For inquiries regarding the conversion and stock offering, interested parties can contact the Stock Information Center, which will operate from May 27, 2025, to June 24, 2025 [3]. - Additional information about the company and the stock offering can be accessed through the SEC's website or by contacting Lake Shore Bancorp directly [9].