Lake Shore Bancorp, Inc. (LSBK)

11.61 -0.13 (-1.11%) At close: 04:00PM EDT

Lake Shore Bancorp, Inc.

31 East Fourth Street
Dunkirk, NY 14048
United States
716 366 4070
https://lakeshoresavings.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 115

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Kim C. Liddell	CEO, President & Director	727.06k	N/A	1961
Mr. Taylor M. Gilden	CFO, Principal Accounting Officer & Treasurer	317.59k	N/A	1991
Mr. Jeffrey M. Werdein	Executive Vice President of Commercial Division	395.64k	N/A	1967
Ms. Melissa Sprague	Chief Operation Officer	N/A	N/A	N/A
Mr. Robert V. Cortellucci	Chief Technology Officer	N/A	N/A	1969
Ms. Tamara Bellanti	Senior Vice President of Human Resources	N/A	N/A	N/A
Mr. Dylan P. Rubadeaux	Senior Vice President of Commercial Loan Officer	N/A	N/A	N/A
Ms. Wendy J. Harrington	Corporate Secretary	N/A	N/A	N/A
Eric Hohenstein	Corporate Secretary	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services in New York. The company accepts various deposit products, such as regular savings deposits, including Christmas Club and statement savings accounts; NOW accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts, such as demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for small to medium sized businesses. Its loan portfolio consists of commercial real estate, commercial construction, and home equity loans and lines of credit; commercial loans comprising business installment loans, lines of credit, and other commercial loans; one- to four-family residential mortgages; and consumer loans, such as personal consumer loans, overdraft lines of credit, vehicle loans, secured and unsecured property improvement loans, and other secured loans, as well as loans secured by certificates of deposit. In addition, it offers debit and credit cards, online banking, direct deposit, safe deposit boxes, overdraft protection, wire, e-services, and notary services. Lake Shore Bancorp, Inc. was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC.

Corporate Governance

Lake Shore Bancorp, Inc.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.