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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > LSB Corporation

LSB Corporation
Nasdaq: LSBX
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 PROFILE
LSB Corporation owns Lawrence Savings Bank, which operates about half a dozen branches in northeastern Massachusetts and southern New Hampshire. Founded in 1868, the bank targets individuals and regional business customers, offering such standard retail services as checking and savings accounts, NOW and money market accounts, CDs, and IRAs. Lending activities consist mostly of commercial real estate loans and residential mortgage loans (about 40% and 35% of its loan portfolio, respectively) . The bank also provides home equity, commercial, and consumer loans. Bank subsidiary Shawsheen Security deals in securities; two other subsidiaries, Pemberton Corporation and Spruce Wood Realty Trust, hold real estate.

 COMPETITION
Andover Bancorp, Inc. (ANDB)
First Essex Bancorp, Inc. (FESX)
Ipswich Bancshares, Inc. (IPSW)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 30.20
1-Yr. Sales Growth: 12.3%
Employees: 100
Revenue per employee: $302,000.00

 KEY PEOPLE
• Paul A. Miller
    CEO
• John E. Sharland
    CFO

 CONTACT INFO
30 Massachusetts Ave.
North Andover, MA 01845
US
Phone: 978-725-7500
Fax: 978-725-7607
Online: Web Site

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