LSBK - Lake Shore Bancorp, Inc.

NasdaqGM - NasdaqGM Real Time Price. Currency in USD

Lake Shore Bancorp, Inc.

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

SectorFinancial Services
IndustrySavings & Cooperative Banks
Full Time Employees108

Key Executives

NameTitlePayExercisedYear Born
Mr. Daniel P. ReiningaPres, CEO & Director412.37kN/A1959
Ms. Rachel A. FoleyCFO, Principal Accounting Officer & Treasurer250.81kN/A1969
Mr. Jeffrey M. WerdeinExec. VP of Commercial Division306.39kN/A1967
Ms. Nicole MayCompliance & CRA OfficerN/AN/AN/A
Ms. Brenda MikolajczakAssistant VP of Marketing & SalesN/AN/AN/A
Amounts are as of December 31, 2016 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 retail and commercial banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising 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 businesses. The company's loan portfolio consists of one-to four-family residential mortgages, home equity loans, commercial real estate loans, construction loans, business installment loans, lines of credit, and other commercial loans; and consumer loans that include personal consumer loans, overdraft lines of credit, vehicle loans, secured and unsecured property improvement loans, and other secured and unsecured loans. As of February 08, 2018, it had 11 full-service branch locations in Western New York, including 5 locations in Chautauqua County and 6 locations in Erie County, New York. The company 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.