Lake Shore in N.Y. Names Gary Winger Chairman

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

Lake Shore Bancorp (LSBK) in Dunkirk, N.Y., is ready to make a change at the top as two directors approach retirement age.

Gary Winger will become chairman of Lake Share and two of its affiliates, the company said Monday. Winger has been Lake Shore Bancorp's vice chairman since 2010, director of its compensation committee since 2006 and a director since 1997. His appointment will take effect May 22.

Lake Shore Bancorp is the parent of the $499 million-asset Lake Shore Savings Bank and is 61% owned by a mutual firm, Lake Shore MHC. Winger will be chairman of each of the three entities.

Winger will succeed Michael Brunecz, who has reached the mandatory retirement age after twenty years as Lake Shore's chairman. Brunecz has been a director of the company since 1984 and chairman since 1993.

Another director, James Foley, who has served on the board since 1983, will step down in May upon reaching the mandatory-retirement age, the company said.

"Mr. Winger's in-depth knowledge of banking, along with his strong leadership skills, will benefit our organization and the bank's commitment to our customers and our communities," Lake Shore Bancorp's president and chief executive, Daniel Reininga, said in the release.

Lake Shore has ten branches in Chautauqua and Erie counties in New York.

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

Winners, Losers and Draws in Race for Deposits
Deposit surged despite all the challenges in banking, according to the FDIC's latest Summary of Deposits. However, underneath that upbeat number are a lot banks and thrifts that are suffering and a few that are capitalizing on the chaos. Here is a slideshow with the highlights and lowlights.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.