Dunkirk, NY, January 7, 2020Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the “Bank”) recently announced that the Bank has awarded $14,000 in grants to local non-profit organizations throughout Erie and Chautauqua Counties.

The Bank’s Community Reinvestment Committee, comprised of 4 members from our local communities, is charged with reviewing all submitted grant applications, and ultimately deciding which non-profits will receive grant awards, which are awarded twice a year. Employees of Lake Shore Savings Bank do not play a role in the decision-making process.

The following organizations were recipients of the latest grant awards:

Food Bank of WNY                                                     Chautauqua Opportunities
Robert H Jackson Center                                          United Way of Northern Chautauqua County
Boutwell Hill Ski Club, Inc.                                        Feed The Children (and Senior Citizens)Program
Northlake Family Recreation Center                       SABAH
Seneca Street CDC                                                    Chautauqua County Office for the Aging

“We are so proud to continue to award such deserving organizations with much-needed funding to support the invaluable work they do throughout our communities,” said Daniel P. Reininga, President and Chief Executive Officer.

More detailed information about the Community Reinvestment Grants, including Frequently Asked Questions, Eligibility Requirements, and a Grant Application, can be found on the Bank’s website at https://www.lakeshoresavings.com/putting-people-first/