LSB Bancshares, Inc. Announces Second Quarter Dividend
May 18 2006 - 9:55AM
PR Newswire (US)
LEXINGTON, N.C., May 18 /PRNewswire-FirstCall/ -- At its meeting on
Tuesday, May 16, 2006, the Board of Directors of LSB Bancshares,
Inc., (NASDAQ:LXBK) parent company of Lexington State Bank,
declared a quarterly cash dividend of $.17 per share of common
stock, payable on July 15, 2006, to shareholders of record on July
1, 2006. This is the same amount as the period one year ago. LSB
The Bank is one of the largest community banks in North Carolina,
with 25 offices in Davidson, Forsyth, Guilford, Randolph and Stokes
counties and a mortgage origination office in Wake County. Services
are also available through 32 ATMs and cash dispensers, "LSB By
Net" online banking and 24-hour "LSB By Phone" banking. LSB The
Bank owns two subsidiaries: LSB Investment Services, Inc., which
offers non-deposit, non-insured investment alternatives such as
mutual funds and annuities; and Peoples Finance Co. of Lexington,
Inc., which offers small loans and dealer financing. Common stock
of the bank's parent company, LSB Bancshares, Inc., is traded on
the Nasdaq National Market and is quoted under the symbol LXBK.
Additional information about LSB is available on its web site,
http://www.lsbnc.com/. Information in this press release contains
forward-looking statements. These statements are identified by
words such as "expects," "anticipates," "should," or other similar
statements about future events. These forward- looking statements
involve estimates, assumptions by management, risks, and
uncertainties that could cause actual results to differ materially
from current projections, including without limitations, the
effects of future economic conditions, legislative and regulatory
changes, and the effects of competition. Additional factors that
could cause actual results to differ materially from those
anticipated by forward-looking statements are discussed in LSB's
filings with the Securities and Exchange Commission, including
without limitation, its annual report on Form 10-K, its Quarterly
Reports on Form 10-Q and its Current Reports on Form 8-K. LSB
undertakes no obligations to revise these statements following the
date of this news release. CONTACT: Monty J. Oliver, EVP & CFO;
336-242-6207 or 336-248-6500 or 1-800-876-6505, ext. 207
DATASOURCE: LSB Bancshares, Inc. CONTACT: Monty J. Oliver, EVP
& CFO of LSB Bancshares, Inc., +1-336-242-6207, or
+1-336-248-6500, or +1-800-876-6505, ext. 207 Web site:
http://www.lsbnc.com/
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