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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lake Shore Bancorp, Inc.    LSBK

LAKE SHORE BANCORP, INC.

(LSBK)
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LAKE SHORE BANCORP, INC. : Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits (form 8-K)

10/26/2020 | 10:51am EST

Item 2.02Results of Operations and Financial Condition.

Lake Shore Bancorp, Inc. (the "Company") issued a press release on October 26,

2020 disclosing its results of operations and financial condition for the third quarter of 2020.

A copy of the press release is attached as Exhibit 99.1 hereto.


Item 8.01Other Events.


On October 23, 2020, the Company's Board of Directors declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend is payable on November 19, 2020 to shareholders of record as of November 5, 2020.

Lake Shore, MHC (the "MHC"), which holds 3,636,875, or 62.4%, of the Company's total outstanding stock as of October 23, 2020, has elected to waive receipt of the dividend on its shares.

As the Company has previously disclosed, the MHC received the approval of its members (depositors of Lake Shore Savings Bank) and the non-objection of the Federal Reserve Bank of Philadelphia to waive the MHC's receipt of cash dividends on its common stock up to $0.50 per share during the twelve month period ending February 5, 2021.

A copy of the press release is attached as Exhibit 99.1 hereto.

Item 9.01Financial Statements and Exhibits.




(d)  Exhibits



99.1    Press release of Lake Shore Bancorp, Inc. dated October 26, 2020  .




























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