LSB Corporation operates as the holding company for River Bank that provides various financial products and services to the general public primarily in Merrimack Valley in northeastern Massachusetts and southern New Hampshire. It offers savings accounts, checking accounts, money market accounts, NOW and super NOW accounts, certificates of deposit, and individual retirement accounts. The company also provides commercial real estate loans secured by income properties, commercial facilities, and small businesses; loans secured by commercial businesses; construction loans, including loans for land development, construction of residential homes, and construction of commercial facilities; residential mortgage loans primarily secured by one-to-four family residential properties; secondary mortgage loans; home equity loans; and consumer loans, such as overdraft lines of credit, collateral loans, and secured and unsecured personal loans. As of December 31, 2007, it operated six banking offices in the communities of Andover, Lawrence, Methuen, and North Andover, Massachusetts, as well as Salem, New Hampshire. The company was founded in 1868 and is based in North Andover, Massachusetts.

In December LSB announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $15 million in exchange for preferred stock.

►Financial Documents

3-31-09 LSB 10-Q

2008 LSB 10-K

2008-12-12 LSB Corp 8K

2008-09-30 LSB Corp 10Q

2008 LSB Corp Proxy

2007 LSB Corp 10K
 

►Federal contracts

No federal contracts located.
 

►Lobbying reports (if any)

No lobbying reports located.
 

►Political Contributions

No political contributions located.

►Related Articles

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Last Updated May 28, 2009