July 21, 2025
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.”
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July 15, 2025
To our clients and friends:
On September 27, 2024, the Securities and Exchange Commission (the “SEC”) adopted a Final Rule that made changes to the SEC’s Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) system filer access and account management. The updated system is known as “EDGAR Next” and reflects the SEC’s initiative to modernize the EDGAR system. It introduces technical and process changes to enhance system security, improve filer account management and modernize filing authorizations. Compliance with EDGAR Next is required by September 15, 2025. Our Alert covering the Edgar Next is available here.
Luse Gorman regularly advises financial institutions regarding compliance with the federal securities laws. If you have any questions about this Alert, please contact any Luse Gorman attorney. To learn more about our firm and services, please visit our website.
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July 9, 2025
On July 1, 2025, Guilford Savings Bank, Guilford, Connecticut, completed its merger with Eastern Connecticut Savings Bank, Norwich, Connecticut.
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July 7, 2025
To our clients and friends:
Today we published Volume 19 of The Bankers’ Bulletin, providing our insights into key banking industry developments from June 2025, including:
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July 2, 2025
On July 1, 2025, Rollstone Bancorp, MHC, Fitchburg, Massachusetts, completed its merger with River Run Bancorp, MHC, Newburyport, Massachusetts. As part of the transaction, Rollstone Bank & Trust, the subsidiary of Rollstone Bancorp, MHC, became the third bank subsidiary, along with Newburyport Bank and Pentucket Bank, of River Run Bancorp, MHC.
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