Lake Shore Bancorp, Inc., Lake Shore Savings Bank and Lake Shore, MHC appointed Taylor Gilden as Chief Financial Officer (CFO) of the Company, the Bank, and the MHC. In these roles, Mr. Gilden will be responsible for the organizations financial and risk management and reporting while. Mr. Gilden and Ms. Foley will work closely together to strengthen and enhance the organizations finance, operations, and service capabilities.

Appointment is effective August 1, 2023. Mr. Gilden joined the Bank in June 2023 as Chief Strategy Officer and brings with him more than a decade of experience in Banking and Finance. Mr. Gilden earned both a Master of Science in Finance and a Bachelor of Science in Accounting from American University in Washington, D.C. He was named a Maryland Bankers Association (MBA) Emerging Leader Champion in 2020.