Michael E. Brunecz, Chairman of the Board of Directors for Lake Shore Bancorp, Inc. (the “Company”), announced that Susan C. Ballard and Kevin M. Sanvidge have accepted positions on the Company’s Board of Directors. "We’re delighted that Susan and Kevin will be joining the Company’s Board of Directors." said Mr. Brunecz. “Susan’s experience in the real estate industry and Kevin’s management knowledge will be invaluable as the Company continues its program of expansion in Western New York.” Ms. Ballard is currently Vice President of Patrick Custom Homes, a residential construction and real estate development company in East Amherst, New York. She directs residential sales, production and warranty servicing operations. Ms. Ballard is Past President of the Rotary Club of Clarence, President Elect of the Buffalo Niagara Builders Association and a past member of the Board of Directors of the Clarence Chamber of Commerce, the Buffalo Niagara Builders Association, and the Clarence Senior Center. She is a member of Partners for a Livable Western New York, The Buffalo Smart Growth Coalition, The Coalition of Community Building, and served on the Clarence Community Planning Task Force. She also serves as a mentor at the Clarence Middle School. Ms. Ballard has a Bachelor’s of Business Administration degree from the University of Notre Dame. Mr. Sanvidge was formerly Executive Vice President of Administration and Supply Chain at Cliffstar Corporation, a private label juice and beverage manufacturer. In this position, Mr. Sanvidge was responsible for Supply Chain, Information Service, Customer Service, Logistics, Human Resources, Quality Assurance and Grower Relations. Mr. Sanvidge is a member of the Board of Directors of ECR International and serves as Chairman of the Compensation Committee. He also served as the Chautauqua County Chamber of Commerce Chairman of the Board of Directors and is currently the Chair of the Public Policy Committee. He is a past board member of the Jamestown Community College North Campus Advisory Board, and the Jamestown Community College Foundation Board. Mr. Sanvidge holds a Bachelor’s of Arts degree in Economics and Political Science from Concordia University and has completed the Executive Management Seminar at Rensselaer Polytechnic Institute.
Shares of Lake Shore Bancorp (Nasdaq:LSBK) have taken a tremendous swing upward. The stock is trading at $14 as of 9:30 a.m. ET, 33.3% above Wednesday's closing price of $10.50. Volume is at 580, 0.5 times the daily average of 1,200.