Lake Shore Bancorp Inc., the holding company for Lake Shore Savings Bank, has announced the commencement of a stock offering as part of its conversion from a mutual holding company to a stock holding company. The company is offering up to 5,750,000 shares of its common stock at a price of $10.00 per share, with the potential to increase the number of shares to 6,612,500. The shares will be initially available to eligible depositors of the bank and its employee stock ownership plan. Any remaining shares may be sold in a community offering, prioritizing residents of specific New York counties and existing public stockholders. The stock offering is a step towards the conversion of the bank into a New York commercial bank to be renamed Lake Shore Bank. Completion of the offering is contingent upon selling at least 4,250,000 shares and receiving necessary regulatory and stockholder approvals. Raymond James & Associates, Inc. serves as the marketing agent for the offering.