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Suitor courts Lake Shore. (Lake Shore Bankcorp Inc.)

By Lashinksy, Adam
Publication: Crain's Chicago Business
Date: Monday, August 30 1993

Reluctant to sell, bank weighs options again

Shares of Chicago-based Lake Shore Bancorp Inc. zoomed last week on news that the old-line banking concern finally might be succumbing to takeover pressure.

Long mentioned as a merger or acquisition candidate, Lake Shore said it has retained New York-based Donaldson Lufkin & Jenrette (DLJ) as an adviser after receiving "an indication of interest in a possible business combination from another bank holding company."

Investors cheered, sending Lake Shore's common stock up 23.9% to $27.25 at Friday's close.

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