LSB Bancshares, Inc. Announces Third Quarter Dividend
August 18 2006 - 5:30PM
PR Newswire (US)
LEXINGTON, N.C., Aug. 18 /PRNewswire-FirstCall/ -- At its meeting
on Tuesday, August 15, 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 October 15, 2006, to shareholders of
record on October 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 The
Bank, +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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