The Federal Reserve Board has announced the termination of an enforcement action involving Lake Shore MHC and Lake Shore Bancorp Inc., both based in Dunkirk, New York. The written agreement, initially dated June 28, 2023, was officially terminated on March 4, 2025.
The Federal Reserve Board provided no further details regarding the nature of the enforcement action or the reasons for its termination. However, such actions typically involve regulatory measures to address issues within financial institutions.
For those interested in additional enforcement actions by the Federal Reserve Board, more information can be accessed through their official channels.