On July 18, 2025, Lake Shore Bancorp, Inc., Dunkirk, New York, the holding company for Lake Shore Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 4,950,460 shares of common stock were sold in the offering at a price of $10.00 per share. Lake Shore Bancorp’s common stock trades on the Nasdaq Global Market under the symbol “LSBK.”

Luse Gorman served as legal counsel to Lake Shore Bancorp in the transaction. The Luse Gorman team included Benjamin Azoff, Max Seltzer, Agata Troy, Keeler Fina and Trevor Kline.

Lake Shore Bancorp had approximately $689.0 million in consolidated assets at March 31, 2025 and provides financial services through its ten full-service branch locations in Chautauqua and Erie Counties in New York.

Since 2000, Luse Gorman has been the leading law firm in the United States in mutual holding company transactions and mutual-to-stock conversions, based on number of transactions. Click here to learn more about our capital markets and corporate finance services.