LSB Corporation Announces Dividend Reinvestment and Stock Purchase Plan
02 Junio 2009 - 2:50PM
Marketwired
LSB Corporation (NASDAQ: LSBX) (the "Company"), the parent company
of River Bank (the "Bank"), today announced that the Board of
Directors has approved the adoption of a Dividend Reinvestment and
Stock Purchase Plan (the "Plan"). The Plan will be administered
through its stock transfer agent Computershare Trust Company, N.A.
and the Company anticipates that a mailing will be sent to
shareholders communicating the details of the Dividend Reinvestment
and Stock Purchase Plan in June 2009. Information regarding the
Plan, including a copy of the Plan prospectus, will also be
available on the Company's website at www.riverbk.com.
A dividend reinvestment and stock purchase plan is an investment
option offered directly to existing shareholders from the issuing
company, in this instance, LSB Corporation. At the shareholder's
option, dividends are not paid directly in cash, but instead are
directly reinvested in Company common stock. The Plan will also
allow for a shareholder to make additional, optional stock
purchases of Company common stock with a minimum purchase amount of
$25 up to a maximum limit of $10,000 per month. The specific terms
and conditions, including applicable fees, associated with the Plan
will be provided with the mailing in June.
LSB Corporation is a Massachusetts corporation that conducts all
of its operations through the Bank, which is its sole subsidiary.
The Bank offers a range of commercial and consumer loan and deposit
products and is headquartered at 30 Massachusetts Avenue, North
Andover, Massachusetts, approximately 25 miles north of Boston.
River Bank operates 5 full-service banking offices in Massachusetts
in Andover, Lawrence, Methuen (2) and North Andover and 2
full-service banking offices in New Hampshire in Derry and
Salem.
The reader is cautioned that this press release may contain
certain statements that are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are expressions of management's
expectations as of the date of this press release regarding future
events or trends and which do not relate to historical matters.
Such expectations may or may not be realized, depending on a number
of variable factors, including but not limited to, changes in
interest rates, changes in real estate valuations, general economic
conditions (either nationally or regionally), regulatory
considerations and competition. For more information about these
factors, please see our recent Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q on file with the SEC, including the
sections entitled "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations." As a
result of such risk factors and uncertainties, the Company's actual
results may differ materially from such forward-looking statements.
The Company does not undertake and specifically disclaims any
obligation to publicly release updates or revisions to any such
forward-looking statements as a result of new information, future
events or otherwise.
CONTACT: Gerald T. Mulligan President & CEO (978)
725-7555
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