LSB Bancshares, Inc. Aug 5, 2008
7 million isn't directly comparable because the merger of LSB Bancshares and FNB Financial Services that formed NewBridge did not take place until the third quarter of 2007. In the first quarter of 2008, NewBridge earned $3 million. (Business Journal of the Greater Triad Area)
NewBridge expects loss Jan 24, 2008
2 million for 2007 as a result of costs stemming from the merger of LSB Bancshares and FNB Financial Services last year which created NewBridge, the bank has announced. Those charges are related to evaluations of the new bank's credit portfolio and expense reductions related to the merger, the bank said. (Business Journal of the Greater Triad Area)
SOSU to honor Distinguished Alumni at Homecoming Sep 23, 2007
Batchelor serves as a member of the Board of Directors of FNB Financial Services, Inc., the holding company for the First Texoma National Bank in Durant. He is also secretary/treasurer and a member of the Board of the American Indian Cultural and Educational Authority, an Oklahoma agency which has been charged by the State Legislature with the responsibility of creating a world-class Native American Cultural and Educational Center. (Durant Daily Democrat, OK)
LSB income rises on cost-cutting, crosses $1 billion asset mark Jul 20, 2007
LSB Chairman and CEO Robert Lowe said bank shareholders will vote on the proposed merger with Greensboro FNB Financial Services, the parent company of FNB Southeast bank, at the upcoming annual meeting. Extra. (Business Journal of the Greater Triad Area)
FNB Southeast, LSB choose new name for merger May 2, 2007
Officials with and FNB Financial Services have announced that when their two banks merge later this year, the name of the new combined bank will be. LSB is the parent company of Lexington State Bank, and FNB Financial is the parent of Greensboro-based. (Triad Business Journal, NC)
LSB, FNB quarterly results diverge Apr 19, 2007
"Longer term, we believe there will be additional opportunities to improve efficiency and boost profitability levels, particularly once we complete the merger with FNB Financial Services Corp.". For FNB, net income fell from $2. (Foster's Daily Democrat)
LSB to become NewBridge Bank Apr 6, 2007
"For customers, the name represents a personal bridge between themselves and the bank. For our employees, it stands for a spirit of cooperation that will guide their daily interactions among themselves and with our customers."When you look at the definition for bridge, it means helping people connect with their goals, whether that is overcoming an obstacle or creating relationships of understanding. Those are the points of connection to our customers and the communities where we do business, for... (Foster's Daily Democrat)
LSB Bancshares, Inc. and FNB Financial Services Corporation Announce Executive Management Team of New Bank Mar 24, 2007
GREENSBORO, N.C., March 23 /PRNewswire-FirstCall/ -- Robert F. Lowe, Chairman, President and CEO of LSB Bancshares, Inc. (Nasdaq: ) and Pressley A. Ridgill, President and CEO of FNB Financial Services Corporation (Nasdaq: ) are pleased to announce the executive management team of the new merged bank that will be created when the merger agreement of the two banks is finalized by the end of the third quarter 2007 ... Contact: Robert F. Lowe LSB Bancshares, Inc. 336-248-6500 Pressley A. Ridgill FNB... (PR Newswire)
Industrial Federal opens Arcadia branch Mar 22, 2007
"Arcadia also offers only one competing bank, an LSB TheBank branch. Otherwise, residents must drive to , Clemmons, , Tyro or for banking services. The closest bank branch south on Highway 150 is at Tyro, 15 miles away.Biesecker said Industrial Federal began getting new accounts in Arcadia as soon as it announced the construction of the new branch last year.The facility is Industrial Federal's second branch and its third office overall.The financial institution was founded on the Square in in... (Foster's Daily Democrat)
Lexington State Bank to buy FNB Mar 2, 2007
The transaction calls for shareholders of FNB Financial Services stock to receive 1. 07 shares of LSB stock for each of their existing shares. (Charlotte Business Journal, NC)
Lexington, LSB face change Mar 1, 2007
" And some may eventually face commutes to Greensboro with high gasoline prices, she added."I just wish the best for everyone involved - for the employees, for my friends," Gooch said.At the same time, though, she is an LSB stockholder and hopes the proposed merger will spark growth and raise the stock price."The bank's earnings are down, and LSB stock's not done anything since 1998," she said. "Shareholders are looking for them to perform and get earnings up. "Combined the banks have about 700... (Foster's Daily Democrat)
N.C. banks merge to form state's sixth largest Feb 27, 2007
GREENSBORO, N.C. LSB Bancshares and FNB Financial Services Corp. are combining to form a bank with total assets of about $2 billion. Under the terms of the deal, LSB Bancshares will acquire FNB Financial in an all-stock deal, the companies said. (The Daily Reflector)
