Lake Shore Bancorp, Inc. (LSBK): Sharon E Brautigam , director of Lake Shore Bancorp, Inc. sold 600 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $13.49 per share for a total value of $8,095.32 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Reginald S Corsi (director) sold 1,535 shares at $13.51 per share price.On May 19, 2016, Daniel P Reininga (President and CEO) sold 12,646 shares at $13.61 per share price.Also, On May 19, 2016, Sharon E Brautigam (director) sold 2,576 shares at $13.54 per share price.On May 9, 2016, Gary P Winger (director) sold 2,000 shares at $14.70 per share price.
Lake Shore Bancorp Inc. is a mid-tier federally chartered savings and loan holding company of Lake Shore Savings Bank (the Bank). The Company’s operations are conducted out of its corporate headquarters and main branch office in Dunkirk New York and 10 other branch offices. The Company’s branches in Chautauqua County New York are located in Dunkirk Fredonia Jamestown Lakewood and Westfield. The Company has seven stand-alone automated teller machines (ATMs). The Company is focused on originating commercial real estate and commercial business loans to add adjustable rate loans to its portfolio and diversify the risk on its balance sheet. All of the securities in the Company’s portfolio are classified as available for sale. The Company’s primary sources of funds are deposits borrowings repayments and prepayments of loans and securities principal proceeds from the sale of securities proceeds from maturing securities and cash flows provided by operations.