Exhibit 23.4
January 13, 2006
Board of Directors
Lake Shore Savings and Loan Association
125 East Fourth Street
Dunkirk, New York 14048
Members of the Board of Directors:
We hereby consent to the use of our firm’s name in the Form MHC-1, Form MHC-2, and any amendments thereto, and in the Registration Statement on Form S-1, and any amendments thereto. We also hereby consent to the inclusion of, summary of and references to our Appraisal in such filings including the prospectus of Lake Shore Bancorp, Inc.
Sincerely,
/s/ RP FINANCIAL, LC.
RP® FINANCIAL, LC.
