[Letterhead of Ryan Beck & Co.]
Financial Institutions Group
February 9, 2006
VIA EDGAR AND FACSIMILE
Securities and Exchange Commission
Division of Corporate Finance
100 F Street, NE
Washington, D.C. 20549
Attention: Mr. Todd K. Schiffman
| Re: | Lake Shore Bancorp, Inc. (the “Company”) |
| Registration Statement on Form S-1 (Registration No. 333-129439) |
| Request for Acceleration of Effectiveness |
Dear Mr. Schiffman:
Pursuant to Rule 461 of the Rules and Regulations promulgated under the Securities Act of 1933, as amended (the “Act”), we, as the Underwriter in connection with the stock offering described in the contained in the above referenced Registration Statement, hereby join the Company in respectfully requesting that the effectiveness of the above-captioned Registration Statement on Form S-1, as amended by pre-effective Amendments No. 1, No. 2 and No. 3, be accelerated to 4:30 p.m. on Monday, February 13, 2006, or as soon as practicable thereafter.
Very truly yours,
RYAN BECK & CO., INC. | ||
| By: | /s/ Michael Rasmussen | |
Name: Title: | Michael Rasmussen Managing Director | |
