Exhibit 99.1

FOR IMMEDIATE RELEASE                       CONTACT: GERALD MULLIGAN
                                                     President & CEO
                                                     978-725-7566


LAWRENCE SAVINGS BANK IS NOW RIVERBANK

North Andover, Massachusetts, June 26, 2006 --- Lawrence Savings Bank President
and CEO, Gerald T. Mulligan announced today that the bank has changed its name
to RiverBank effective June 26, 2006.

RiverBank is a fresh new name and image to go along with our new attitude and
competitive posture. Mr. Mulligan said, "We are changing our name to RiverBank
to recognize both the larger region we serve and our commitment to be the best
bank in the area." Everyone at RiverBank, from our tellers to our management
staff, is committed to providing the highest level of personal service. Along
with the new name, RiverBank is introducing better rates and new products and is
committed to friendly, local service.

Existing RiverBank customers will see improvements to their accounts, however,
their account numbers will not change and they can continue using their Lawrence
Savings Bank checks and Debit/ATM cards. The publicly traded holding company
name will remain LSB Corporation and our stock symbol will remain LSBX.

RiverBank is a Massachusetts-chartered savings bank organized in 1868. 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. RiverBank operates 5 full service
banking offices in Massachusetts in Andover, Lawrence, Methuen (2) and North
Andover and 1 full service banking office in Salem, New Hampshire.

     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, general economic conditions, regulatory considerations and
     competition. For more information about these factors, please see our
     recent Annual Report on Form 10-K 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.


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