Home Business Lake Shore Bancorp appoints Young to board – The Daily News Online

Lake Shore Bancorp appoints Young to board – The Daily News Online


DUNKIRK – Former state Sen. Catharine M. Young, who grew up in Livingston County, has been appointed to the board of directors of Lake Shore Bancorp Inc., the holding company for Lake Shore Savings Bank.

Young is executive director of the New York State Center of Excellence for Food and Agriculture at Cornell University’s AgriTech Center, a position she has held since March 2019. Prior to this, she served for 20 years in the New York State Legislature as a Senator and Assemblywoman.

As a senator for 14 years, Young represented Western New York’s 57th District, which included Chautauqua, Cattaraugus, Allegany and part of Livingston counties. She was the first woman to chair the Senate’s Standing Committee on Finance, the second-highest rank in the Senate. She also chaired the Committee on Housing, Construction and Community Development, making her uniquely valuable to Lake Shore Bancorp and its consumer and commercial business teams.

“Cathy Young’s addition to our board is a significant win in the leadership and corporate governance landscape,” Lake Shore Bancorp Board Chair Kevin Sanvidge in a statement. “The knowledge, experience and relationships she possesses are remarkable, providing us with an authentic and respected resource who not only understands our company and industry, but also understands and embraces our community and the needs of our customers.”

At Cornell’s Center of Excellence for Food & Agriculture, based in Geneva, Young leads a team whose mission is to grow New York’s food, beverage and agriculture economy by serving as a hub for businesses to connect with expertise and resources, allowing them to innovate, grow and thrive.

She is also a member of several business and community organizations.

“I’m honored to be joining Lake Shore Bancorp’s board of directors,” Young said in a statement. “I’ve worked with the company’s leadership and served thousands of their customers for decades as their representative in Albany.

“Now, I look forward to bringing my experiences from Albany and Cornell to our team of directors as we work to help the company gain market share, new shareholders and other measurable improvements,” she said.

Young served in the state Senate from 2005 to 2019. She previously served in the Assembly from 1999 to 2005. Her public service career began in 1995, after she won a seat on the Cattaraugus County Legislature.

“Her mix of public service and business experience is unmatched within our markets, giving us a unique and insightful perspective that should positively impact us all,” Lake Shore Bancorp President and CEO Daniel P Reininga said in a statement.

Young, the mother of three grown children, resides in Olean with her husband Richard.

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