UNITED STATES SECURITIES AND EXCHANGE COMMISSION ~~Washington~~WASHINGTON, ~~D.C.~~DC 20549

FORM 8-K

CURRENT REPORT PURSUANT ~~Pursuant~~TO toSECTION ~~Section~~ 13 orOR 15(dD) ofOF ~~the~~THE SECURITIES ~~Securities~~EXCHANGE ~~Exchange~~ACT ~~Act~~OF of 1934

Date of ~~Report~~ report (Date of earliest event reported): ~~June~~May 1724, ~~2004~~ 2005

GREAT LAKES BANCORP, INC. (Exact Name of Registrant as Specified in Its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 000-50267 13-4237490 (Commission File Number) (IRS Employer Identification No.) 2421 Main Street, Buffalo, New York 14214 (Address of Principal Executive Offices) (Zip Code) (716) 961-1900 (Registrant's Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

~~New~~ Check ~~York~~the ~~000~~appropriate box below if the Form 8-50267 13-4237490 (StateK orfiling ~~other jurisdiction~~is ofintended ~~incorporation)~~to simultaneously ~~(Commission~~satisfy ~~File~~the ~~Number) (IRS~~filing ~~Employer Identification~~obligation No.) 2421of ~~Main~~the ~~Street,~~registrant ~~Buffalo, New~~under York 14214 (Addressany of ~~principal executive~~the ~~offices)~~following provisions (~~Zip~~see ~~Code~~General Instruction A.2. below) :

~~Registrant's~~ [ ] ~~telephone~~Written communications ~~number,~~pursuant ~~including~~to ~~area~~Rule ~~code~~425 under the Securities Act (~~716~~17 CFR 230.425) ~~961-1900~~

~~Not~~ [ ] ~~Applicable~~ Soliciting ~~(Former~~material ~~name~~pursuant orto ~~former~~Rule ~~address,~~14a-12 ifunder ~~changed~~the ~~since~~Exchange ~~last~~Act ~~report~~(17 CFR 240.14a-12)

~~Item~~ [ ] Pre-commencement 5.communications ~~Other~~pursuant ~~Events~~to ~~and~~Rule ~~Required~~14d-2(b) FDunder ~~Disclosure~~the Exchange Act (17 CFR 240.14d-2(b))

~~On June 17, 2004, Great Lakes~~[ ] ~~Bancorp,~~Pre-commencement ~~Inc.~~communications ~~("Bancorp"),~~pursuant ~~through~~to ~~Great~~Rule ~~Lakes Bancorp Statutory Trust I~~ 13e-4(~~"Trust"~~c), ~~issued~~under ~~12,000 floating rate pooled trust preferred securities with a liquidation preference of $1,000 per security. The trust preferred securities represent an interest in~~ the ~~related~~Exchange ~~junior subordinated debentures of Bancorp,~~Act ~~which~~(17 ~~were~~CFR ~~purchased by the Trust and have substantially the same payment terms as these trust preferred securities~~240. The junior subordinated debentures are the only assets of the Trust and interest payments from the debentures finance the distributions paid on the trust preferred securities. Distributions on the debentures are payable quarterly at a variable interest rate, reset quarterly, equal to 313e-~~month LIBOR plus 2.70% and are included in interest expense in the consolidated statements of income.~~4(c))

The trust preferred securities are subject to mandatory redemption at the liquidation preference, in whole or in part, upon repayment of the junior subordinated debentures at maturity or their earlier redemption. The junior subordinated debentures are redeemable prior to the maturity date of June 17, 2034, at the option of Bancorp on or after June 17, 2009, in whole at any time or in part from time to time. The junior subordinated debentures are also redeemable at any time, in whole, but not in part, upon the occurrence of specific events defined within the trust indenture. Bancorp has the option to defer distributions on the junior subordinated debentures from time to time for a period not to exceed 20 consecutive quarters.

Item 2.02		Results of Operations and Financial Condition; and
Item 8.01		Other Events

AOn ~~portion~~May of24, ~~the~~2005, ~~proceeds~~Great ~~from the~~Lakes ~~issuance~~Bancorp, ofInc. ~~the~~issued ~~trust~~a ~~preferred~~report ~~securities~~to ~~were~~shareholders, ~~used~~announcing onfinancial ~~June~~results ~~17, 2004~~ for ~~payment~~the inquarter ~~full~~ended ofMarch a31, ~~note payable by Bancorp~~2005. The ~~remaining~~report ~~proceeds~~is ~~will~~annexed ~~be used~~as ~~for~~Exhibit ~~general~~99.1 ~~corporate~~to ~~purposes and will permit continued growth in~~this ~~deposits,~~Current ~~assets~~Report ~~and~~on ~~loans~~Form ~~through expansion of Bancorp's existing lending and investment activities and possible further branching and acquisitions~~8-K.

~~Item~~ The 7.information ~~Financial~~contained ~~Statements~~in this Form 8-K and the Exhibit annexed hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, ~~Pro~~as ~~Forma~~amended, ~~Financial~~nor ~~Information~~shall ~~and~~it ~~Exhibits~~be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such filing.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Great Lakes Bancorp, Inc.
Date: June 18, 2004	By:	/s/ Kim S. Destro
Date: May 24, 2005	By:	/s/ Kim S. Destro
		Name:	Kim S. Destro
		Name: Kim S. Destro
		Title:	Vice President & Chief Financial Officer
		Title: Executive Vice President & Chief Financial Officer

Exhibit 99.1

Exhibit Number	Description

99.1	1st Quarter 2005 Report to Shareholders, issued March 31, 2005.

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