Lake Shore Bancorp Inc. Announces Stock Offering Amid MHC's Conversion, Partners with Raymond James for Marketing
Lake Shore Bancorp, Inc., a Maryland corporation, has announced a new stock offering as part of its mutual holding company's conversion to a stock holding company. The company has entered into an Agency Agreement with Raymond James & Associates, Inc. to assist with marketing its common stock. Raymond James will receive a success fee of 1.35% on shares sold during the subscription and community offerings, excluding those purchased by insiders and their immediate families. Additionally, a 6.00% fee applies to stocks sold in a syndicated community offering. The offering is facilitated by a Registration Statement on Form S-1, filed with the Securities and Exchange Commission. Raymond James will also receive $30,000 for records agent services and reimbursements for certain expenses.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lake Shore Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-123191), on May 20, 2025, and is solely responsible for the information contained therein.
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