The estimated Net Worth of Ronald J Passafaro is at least $72.2 Mille dollars as of 5 March 2024. Mr. Passafaro owns over 1,500 units of Lake Shore stock worth over $72,224 and over the last 5 years he sold LSBK stock worth over $0. In addition, he makes $0 as Independent Director at Lake Shore.
Ronald has made over 4 trades of the Lake Shore stock since 2020, according to the Form 4 filled with the SEC. Most recently he bought 1,500 units of LSBK stock worth $17,115 on 5 March 2024.
The largest trade he's ever made was buying 1,800 units of Lake Shore stock on 31 October 2023 worth over $18,306. On average, Ronald trades about 480 units every 139 days since 2020. As of 5 March 2024 he still owns at least 5,678 units of Lake Shore stock.
You can see the complete history of Mr. Passafaro stock trades at the bottom of the page.
Ronald J. Passafaro serves as Independent Director of the Company. Mr. Passafaro is currently the President, CEO and Chairman of the Board of ECR International, a division of BDR Thermea Group, a position he has held since 2015. BDR Thermea, headquartered in the Netherlands, is a global leader providing innovative heating and hot water systems and services for residential and commercial applications marketed in over 100 countries. From 2011 through 2015, Mr. Passafaro held the position of President and CEO and Vice Chairman of the Board for ECR International, a privately held stock company which manufactured and marketed HVAC products, specializing in residential boiler products. Mr. Passafaro holds a Bachelor of Science degree in Business Administration from LeMoyne College. As President, CEO and Chairman of the Board for ECR International, Mr. Passafaro is responsible for leadership and development of a multi-year strategic plan and the communication of strategic and annual operating plans to executive team members, employees and stakeholders to ensure sufficient resource availability to execute and meet targeted financial results. As President, CEO and Vice Chairman of the Board for ECR International, Mr. Passafaro successfully led the company through a dramatic turn-around from near “work-out”/bankruptcy status. Within 5 years, Mr. Passafaro increased shareholder value by 400% and successfully sold the company to BDR Thermea, with 99.99% of shareholders approving the transaction. Mr. Passafaro has 30 years of experience in the HVAC industry and has significant experience and success in growing sales and developing innovative marketing campaigns, including brand development and management. He has created, developed and led multiple joint ventures, supplier relationships, contract manufacturing agreements and branding relationships. He has led or participated in multiple domestic and international mergers, acquisitions, divestitures and joint ventures. Mr. Passafaro also has expe
Ronald Passafaro is 59, he's been the Independent Director of Lake Shore since 2019. There are 9 older and 8 younger executives at Lake Shore. The oldest executive at Lake Shore Bancorp, Inc. is David Mancuso, 74, who is the Independent Director.
Ronald's mailing address filed with the SEC is C/O 31 EAST FOURTH STREET, , DUNKIRK, NY, 14048.
Over the last 8 years, insiders at Lake Shore have traded over $47,509 worth of Lake Shore stock and bought 71,437 units worth $857,709 . The most active insiders traders include David C Mancuso, Daniel P Reininga e Kim C Liddell. On average, Lake Shore executives and independent directors trade stock every 84 days with the average trade being worth of $35,540. The most recent stock trade was executed by Ann M Segarra on 27 August 2024, trading 1,700 units of LSBK stock currently worth $21,692.
Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for small to medium sized businesses. The company's loan portfolio consists of commercial real estate, commercial construction, and home equity loans; lines of credit; commercial loans, such as business installment loan, line of credit, and other commercial loan; one-to four-family residential mortgages; and consumer loans that include personal consumer loans, overdraft lines of credit, vehicle loans, secured and unsecured property improvement loans, and other secured loans, as well as loans secured by certificates of deposit. As of February 5, 2021, it had eleven full-service branch locations in Western New York, including five locations in Chautauqua County and six locations in Erie County, New York. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. operates as a subsidiary of Lake Shore, MHC.
Lake Shore executives and other stock owners filed with the SEC include: