Lake Shore Bancorp engages Raymond James for stock conversion; success fee 1.35%, syndicated fee 6%

Lake Shore Bancorp, Inc. /MD/

Raymond James to market common stock in MHC conversion; S-1 effective May 14, 2025.
Success fee: 1.35% of aggregate shares sold in subscription & community offerings, excluding insider purchases.
Syndicated community offering fee: 6%; plus $30,000 records agent fee and expense reimbursements.
Agency Agreement governs marketing services; no fee payable on insider/employee shares.

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