Lake Shore Bancorp, Inc. Appoints Catharine M. Young to Board of Directors, Effective January 1, 2021
December 21, 2020 at 09:22 am EST
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Lake Shore Bancorp, Inc. on December 16, 2020, the Board of Directors appointed Catharine M. Young to the company's Board of Directors effective January 1, 2021. Ms. Young is currently the executive director of the New York State Center of Excellence for Food and Agriculture at Cornell Universitys AgriTech Center. The Boards of Directors of Lake Shore, MHC and Lake Shore Savings Bank also appointed Ms. Young to their respective boards.
Lake Shore Bancorp, Inc. is the mid-tier holding company of Lake Shore Savings Bank (the Bank), a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has 11 full-service branch locations in Western New York, including five in Chautauqua County and six in Erie County. The Bank offers a range of retail and commercial lending and deposit services. The Bankâs principal business consists of attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations, primarily in commercial real estate loans, one-to four-family residential mortgage loans, home equity lines of credit and, to a lesser extent, commercial business loans, consumer loans, and investment securities. Its primary sources of funds for lending and investments are deposits, borrowings, brokered deposits, receipts of principal and interest payments on loans and securities.
LAKE SHORE BANCORP, INC. 
