CHICAGO - After being approached by a potential buyer, Chicago's Lake Shore Bancorp has hired a Wall Street investment bank to help determine its future.

Lake Shore, which at $1.2 billion of assets is one of the Windy City's biggest independent banks, said last week that it had retained Donaldson, Lufkin & Jenrette Inc. to advise it about its options.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.