Investing.com -- The Federal Reserve Board has announced the termination of its enforcement action with Lake Shore MHC and Lake Shore Bancorp Inc. This action was taken against Lake Shore Bancorp, Inc., the mid-tier holding company of Lake Shore Savings Bank.

Lake Shore Savings Bank is a federally chartered, community-oriented financial institution that is based in Dunkirk, New York. This bank operates ten full-service branch locations in Western New York. Of these, four are located in Chautauqua County and six are in Erie County.

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