The Federal Reserve Ends Sanction Agreement with Lake Shore Bancorp

The Federal Reserve Board has announced the termination of its enforcement agreement with Lake Shore MHC and Lake Shore Bancorp Inc. This enforcement action was directed against Lake Shore Bancorp, Inc., the mid-tier holding company for Lake Shore Savings Bank.

Lake Shore Savings Bank is a federally chartered, community-focused financial institution located in Dunkirk, New York. The bank operates ten full-service branches throughout Western New York, with four branches in Chautauqua County and six in Erie County.

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