EXHIBIT 99.1


FOR IMMEDIATE RELEASE                               BANK CONTACT: PAUL A. MILLER
                                                                  (978) 725-7555





                                 LSB CORPORATION
                    DECLARES 8.33% INCREASE IN CASH DIVIDEND
                              DIVIDEND YIELD 3.10%





NORTH ANDOVER, Mass. -- (BUSINESS WIRE) -- January 23, 2004, LSB Corporation,
(NASDAQ - LSBX), today announced the Board of Directors of LSB Corporation
declared a dividend to shareholders on January 22, 2004. The Board voted to pay
a cash dividend of $0.13 per share on its outstanding shares of common stock
payable on February 19, 2004 to shareholders of record at the close of business
on February 5, 2004. This represents an increase of 8.33% in the cash dividend
and a 3.10% dividend yield based on the stock price at the close of business on
January 22, 2004.

LSB Corporation is the parent holding company of its wholly-owned subsidiary
Lawrence Savings Bank located in North Andover, Massachusetts, an Equal Housing
Lender and Member, FDIC/Depositors Insurance Fund.









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