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                                                                    Exhibit 99.6


EMBARGOED AGAINST RELEASE                        COMPANY CONTACT: Paul A. Miller
PRIOR TO 8:00 A.M. MONDAY JULY 2, 2001                            (978) 725-7555

                             LAWRENCE SAVINGS BANK
             ANNOUNCES COMPLETION OF HOLDING COMPANY REORGANIZATION

NORTH ANDOVER, MA, July 2, 2001 -- Lawrence Savings Bank (NASDAQ: LSBX) (the
"Bank") announced today the completion on July 1, 2001 of its reorganization as
a wholly-owned subsidiary of a holding company, LSB Corporation. In the
reorganization, all outstanding shares of common stock (and associated
preferred stock purchase rights) of Lawrence Savings Bank were converted into
shares of common stock (and associated rights) of LSB Corporation. LSB
Corporation common stock is listed in place of the common stock of Lawrence
Savings Bank on the Nasdaq Stock Market under the symbol "LSBX". The
reorganization does not alter the business of the Bank. The Bank's deposits
continue to be insured in full by the Federal Deposit Insurance Corporation
(FDIC) and the Depositors Insurance Fund of Massachusetts (DIF).

Although the Bank has no expansion plans at this time, the Board of Directors
believes that the establishment of the holding company affords greater
flexibility to consider opportunities to expand geographically and into new
activities, remain competitive in its marketplace, and build long term value
for shareholders.

Lawrence Savings Bank is a Massachusetts-chartered savings bank organized in
1868 and headquartered at 30 Massachusetts Avenue, North Andover, Massachusetts,
approximately 25 miles north of downtown Boston. Lawrence Savings Bank operates
5 banking offices in Andover, Lawrence, Methuen, and North Andover. Lawrence
Savings Bank is an Equal Housing Lender. Member, FDIC and DIF.

This press release may contain certain statements that are "forward-looking
statements" within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. Such statements are not historical facts and include
expressions of management's expectations at a specific point in time regarding
future relationships, structures, opportunities and market conditions. Such
expectations may or may not be realized, depending on a number of variable
factors, including but not limited to, changes in interest rates, disruptions in
credit markets, changes in regional and local economic conditions, changes in
the regulatory environment, and changes in the competitive environment in which
the Bank operates. As a result of such risks and uncertainties, the Bank's
actual results may differ materially from such forward-looking statements.
Lawrence Savings Bank does not undertake, and specifically disclaims any
obligation to publicly release revisions to any such forward-looking statements
to reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.