Lake Shore adds two to board
Lake Shore Bancorp, Inc., the holding company for Lake Shore Savings Bank, is pleased to welcome John P. McGrath and Ronald J. Passafaro to its Board of Directors.
Gary W. Winger, Chairman of the Board of Directors for the Company, announced that both McGrath and Passafaro have accepted a position on the Company’s Board of Directors. “We are thrilled to welcome both Mr. McGrath and Mr. Passafaro to the Company’s Board of Directors,” said Mr. Winger. “Both gentlemen hold years of distinguished leadership experience making them an ideal complement to our existing team.”
McGrath has been the Assistant Treasurer at Moog Inc. since 2008, and has nearly 30 years of managerial experience in the banking industry, including Greater Buffalo Savings Bank, First Niagara Financial Group and Empire of America. He holds a master’s of business administration from the University at Buffalo, a bachelor’s of science degree from Canisius College, and is a graduate of the National School of Finance and Management at Fairfield University. Mr. McGrath and his wife Patricia reside in Orchard Park.
Passafaro is currently the President, CEO and Chairman of the Board of ECR International, a division of BDR Thermea Group, where he has served in this capacity since 2015. BDR Thermea, headquartered in the Netherlands, is a global leader providing innovative heating and hot water systems and services for residential and commercial applications marketed in over 100 countries. He has served two terms as Chairman of the North American boiler industry and presently serves the industry as a member of the Leadership Council. In 2017, Mr. Passafaro was presented the Richard C. Schultz award for distinguished service to the North American air conditioning, heating and refrigeration industry. Mr. Passafaro and his wife Paula reside in Dunkirk and Clinton.