other_material
confidence high
sentiment neutral
materiality 0.50
Lake Shore Bancorp hires Raymond James as marketing agent for stock offering in MHC conversion
LAKE SHORE BANCORP, INC.
- Raymond James receives 1.35% success fee on subscription/community offering shares sold.
- No fee on shares bought by officers, directors, employees, immediate family, or trusts/plans.
- For a syndicated community offering, Raymond James earns 6% of shares sold in that offering.
- Raymond James also gets $30,000 records agent fee plus reimbursement of expenses.
- Offering under effective Form S-1 (No. 333-285836), declared effective May 14, 2025.
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