Lake Shore Bancorp names Sanvidge as chairman
DUNKIRK — Lake Shore Bancorp, Inc. has announced that its Board of Directors has named Kevin M. Sanvidge to succeed Gary W. Winger as Chairman of the Board of Directors effective May 20.
At that time, Sanvidge will also succeed Winger as Chairman of the Board of Directors for Lake Shore, MHC, the mutual holding company that holds 61.4% of the company’s outstanding common stock.
Winger, who has served as a director since 1997 and as the Chairman since 2013, has reached the mandatory retirement age.
“We are pleased to announce the appointment of Mr. Sanvidge as Chairman of the Board,” said President and CEO Daniel P. Reininga. “Mr. Sanvidge’s in-depth knowledge of banking, lending, business administration and human resource management, along with his understanding of the local market areas and his strong leadership skills will be beneficial to our organization. Mr. Sanvidge will continue the legacy left by Mr. Winger’s knowledge and leadership over the past 23 years, which has positively impacted the Bank’s growth and success.”
Sanvidge, a director of the company since 2012, has served as the Vice Chairman since 2018 and as the Chairman of the Compensation Committee since 2013. He is also a member of the Governance and Nominating Committee.
Sanvidge is retired from his position as Chief Executive Officer and Administrative Director of the Chautauqua County Industrial Development Agency, a position he held from June 2014 until December 2017. He was previously the Executive Vice President of Administration and Supply Chain at Cliffstar Corporation in Dunkirk, a private label juice and beverage manufacturer, a position he held from 2006 until 2012.
“On behalf of the company, we would like to thank Mr. Winger for his dedication, leadership and service to the company,” Reininga said. “During his tenure as a director and Chairman, the company expanded its branch network from three branch locations in Chautauqua County to 11 branch locations in total, which includes six branch locations in Erie County, asset size has increased from approximately $135 million to $628 million and the Company completed an initial public offering in 2006 becoming listed on the NASDAQ stock exchange.”
Sanvidge has three grown daughters and currently resides in Fredonia.