<SEC-DOCUMENT>0000943374-25-000473.txt : 20251114
<SEC-HEADER>0000943374-25-000473.hdr.sgml : 20251114
<ACCEPTANCE-DATETIME>20251114095017
ACCESSION NUMBER:		0000943374-25-000473
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251114
DATE AS OF CHANGE:		20251114

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lake Shore Bancorp, Inc. /MD/
		CENTRAL INDEX KEY:			0002059653
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		ORGANIZATION NAME:           	02 Finance
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-95136
		FILM NUMBER:		251481983

	BUSINESS ADDRESS:	
		STREET 1:		31 EAST FOURTH STREET
		CITY:			DUNKIRK
		STATE:			NY
		ZIP:			14048
		BUSINESS PHONE:		7163664070

	MAIL ADDRESS:	
		STREET 1:		31 EAST FOURTH STREET
		CITY:			DUNKIRK
		STATE:			NY
		ZIP:			14048

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Employee Stock Ownership Plan Trust of Lake Shore Bancorp, Inc.
		CENTRAL INDEX KEY:			0002096563
		ORGANIZATION NAME:           	
		EIN:				160516470
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		31 EAST FOURTH STREET
		CITY:			DUNKIRK
		STATE:			NY
		ZIP:			14048
		BUSINESS PHONE:		716-366-4070

	MAIL ADDRESS:	
		STREET 1:		31 EAST FOURTH STREET
		CITY:			DUNKIRK
		STATE:			NY
		ZIP:			14048
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0002096563</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<securitiesClassTitle>Common Stock, par value $0.01 per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0002059653</issuerCik>
<issuerName>Lake Shore Bancorp, Inc. /MD/</issuerName>
<issuerCusip>510704109</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>31 East Fourth Street</com:street1>
<com:city>Dunkirk</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>14048</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Employee Stock Ownership Plan Trust of Lake Shore Bancorp, Inc.</reportingPersonName>
<memberGroup>b</memberGroup>
<citizenshipOrOrganization>NY</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>514296</soleVotingPower>
<sharedVotingPower>93163</sharedVotingPower>
<soleDispositivePower>600369</soleDispositivePower>
<sharedDispositivePower>7090</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>607459</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>7.8</classPercent>
<typeOfReportingPerson>EP</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Lake Shore Bancorp, Inc. /MD/</issuerName>
<issuerPrincipalExecutiveOfficeAddress>31 East Fourth Street, Dunkirk, New York, 14048</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Employee Stock Ownership Plan Trust of Lake Shore Bancorp, Inc., Trustee: Hand Benefits &amp; Trust, a BPAS Company</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>820 Gessner Road, Suite 1250, Houston, Texas 77024</principalBusinessOfficeOrResidenceAddress>
<citizenship>New York</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>EP</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>607,459</amountBeneficiallyOwned>
<classPercent>7.8</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>514,296</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>93,163</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>600,369</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>7,090</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>N</notApplicableFlag>
<identificationAndClassificationOfGroupMembers>The reporting person is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended.</identificationAndClassificationOfGroupMembers>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>Employee Stock Ownership Plan Trust of Lake Shore Bancorp, Inc.</reportingPersonName>
<signatureDetails>
<signature>/s/ Stephen S. Hand</signature>
<title>Stephen S. Hand, President and Chief Executive Officer, Hand Benefits &amp; Trust, a BPAS Company, as Trustee</title>
<date>11/07/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
