other_material
confidence high
sentiment neutral
materiality 0.70
Lake Shore Bancorp commences stock offering up to 5.75M shares at $10 in MHC conversion
LAKE SHORE BANCORP, INC.
- Offering up to 5,750,000 shares (expandable to 6,612,500) at $10.00 per share.
- Minimum 4,250,000 shares required to complete conversion from mutual to stock holding company.
- Offering first to eligible depositors and ESOP; then community offering in NY counties.
- Completion subject to regulatory approvals and approval of MHC members and Lake Shore Federal Bancorp stockholders.
item 8.01item 9.01