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Lake Shore BanCorp, Inc. delays quarterly dividend declaration

January 21, 2013
The OBSERVER

Lake Shore Bancorp, Inc., the holding company for Lake Shore Savings Bank, recenty announced that Lake Shore, MHC, the mutual holding company that owns 61.4 percent of the company's outstanding common stock, will hold a special meeting of its members to vote on a proposal to authorize the MHC to waive its right to receive dividends aggregating up to $0.28 per share that may be declared by the company in the 12 months subsequent to the approval of the proposal by members. All dividends on the company's common stock are declared at the discretion of the company's Board of Directors. The special meeting will be held on Feb. 26.

 
 

 

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