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Lake Shore announces income increase for fourth quarter

Lake Shore Bancorp, Inc., the holding company for Lake Shore Savings Bank, reported unaudited net income of $1.24 million, or $0.21 per diluted share, for the fourth quarter of 2020 compared to net income of $1.17 million, or 20 cents per diluted share, for the fourth quarter of 2019. For the year ended Dec. 31, 2020, the Company reported unaudited net income of $4.6 million, or $0.77 per diluted share, as compared to $4.1 million, or $0.68 per diluted share, for the year ended Dec. 31, 2019. Total assets at Dec. 31, 2020 increased $75.3 million, or 12.3%, to $686.2 million when ...

Community Bank donates $130,000 to non-profits

Community Bank N.A. wrapped up the year by donating more than $130,000 to non-profit organizations. Donations have been made throughout its four-state footprint which includes New York, Pennsylvania, Vermont and Massachusetts. For more than 150 years, Community Bank, has been dedicated to supporting the communities it serves. From donating time volunteering in the community, holding toy, clothing and food drives, and annual pay-it-forward celebrations such as Good Neighbor Day and Random Acts of Kindness Day, the bank continues to give back to the community. In 2020, the bank donated ...

Dental group makes donation

Eighth District Service Corporation out of Buffalo, along with Chautauqua County Dental Society donated $1,250 to Chautauqua County Rural Ministry food programs. Pictured are Dr. Julie Mills of the Northern Chautauqua Dental Group, Kathleen G. Peterson, Chautauqua County Rural Ministry ...

Telehealth now mainstream as insurers and state expand access to care

Comprehensive telehealth legislation was an area of focus in Gov. Andrew Cuomo’s 11th State of the State Address. “The COVID-19 pandemic laid bare the inequities in our healthcare system and showed that telehealth is a critical tool to expand access and lower costs for low-income communities, especially for behavioral health support,” said Cuomo, as he took executive action to expand access to remote care. Telehealth is when a patient and a provider communicate by audio, video or text messaging. “The number of telehealth visits soared in 2020 as a result of the COVID-19 ...

New York facing harsh financial picture

The Governor’s Executive Budget outlined this past week offers a stark and sobering look at the year ahead for New York State. There are essentially two scenarios: one bad and one worse. In the wake of the COVID-19 response over the past ten months, New York state faces a $15 billion deficit this year. Tax revenue is down dramatically statewide due to business shutdowns and job losses. At the same time, expenses rose as the state scrambled to respond to the pandemic with providing personal protective equipment, reopening protocols and communication, testing, and now vaccine ...

The Resource Center’s employee wellness program earns national accolades

The Resource Center’s employee wellness program has again earned national accolades. For the fifth straight year, The Resource Center was named one of the “Healthiest 100 Workplaces in America” by Springbuk, a health analytics company that has conducted the annual Healthiest Employers ...