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Seidman declares stake in Fairport, NY-based FSB Bancorp

Lawrence Seidman and related investment vehicles now beneficially own 116,100 FSB Bancorp Inc. shares, or an aggregate 6.00% stake in the Fairport, N.Y.-based company.

The group, which includes Seidman & Associates LLC and Veteri Place Corp., paid a total of $1.8 million for its holdings. Seidman on Nov. 22 spoke with CFO and COO Kevin Maroney, during which the investor suggested the payment of a special dividend and the continued acceleration of the buyback plan, among other ways to maximize shareholder value.