River Bank Opens its Doors to the Derry, New Hampshire Community

River Bank announced today the grand opening of its Derry, New Hampshire branch at 51 Crystal Avenue. River Bank is a community focused bank providing “friendlier, easier, and better service”. In conjunction with it’s opening River Bank will offer three weeks of special rates and programs.

Beginning on February 2, 2009, River Bank will offer a special rate of 5.00% APY* on its xStream Savings account, guaranteed for all of 2009 on the first $2,000 deposited into this account. This special offer will be available to the first 100 customers that open an xStream Savings account in Derry. This is double the current rate of 2.50% APY. To celebrate the opening of the Derry branch, River Bank’s other branches will offer a $25 cash bonus for all new xStream Savings accounts opened February 2 through February 21, 2009. Other special rates and programs will be offered throughout the month of February, as well.

“We’re looking forward to serving the people and businesses of Derry and are excited to be a part of such a vibrant community. As the only local, community bank in Derry and with our commitment to friendly, better service, River Bank invites the Derry Community to experience a more productive and pleasant banking environment.” said Gerald Mulligan, President and CEO of River Bank. “To help introduce ourselves to the Derry community, we are offering terrific special rates to our new customers. By being the only bank in Derry to always provide full 100 percent deposit insurance for all deposits through FDIC and DIF and by offering great rates in honor of our new branch, we’re hoping the community will take the opportunity to get to know and do business with River Bank.“

River Bank’s strong financial condition was recently recognized by Sandler O'Neill + Partners – one of the nation’s leading investment banking and research firms specializing in the financial services industry –naming River Bank one of the 33 top small banks in America. River Bank is also one of only two banks in Massachusetts and one of only four banks in New England whose financial performance earned inclusion in Sandler O’Neil’s prestigious annual performance ranking.

In addition to the xStream Savings promotion week, on February 14 River Bank will be hosting a “Family Savings Day”, which will feature a special 6 month CD rate of 3.01% APY** for customers with a River Bank checking account, $10 bonus for all savings accounts opened for children 18 and under, prizes, refreshments and activities. To learn more about the Bank’s promotions and events in Derry, you can visit the branch in person at 51 Crystal Avenue or at www.riverbk.com.

About River Bank

River Bank (www.riverbk.com), headquartered in North Andover, MA, has been providing the Merrimack Valley and southern New Hampshire with “friendlier, easier and better” customer service for over 141 years. A member of FDIC and DIF, and a subsidiary of LSB Corporation, a publicly held company, the common stock is traded over the counter on the NASDAQ National Marketing System under the symbol "LSBX". Sales prices of the stock are reported in the Wall Street Journal as "LSB CP."

*Annual Percentage Yield (APY) for grand opening rate of 5.00% effective as of February 2, 2009 and is limited to first 100 Derry customers. Special rate applies to the first $2,000 deposited in account and will remain effective through 12/31/09. Regular rate will apply to all deposit amounts above $2,000, currently 2.50% APY (this rate may vary) as of 1/9/09.

**Annual Percentage Yield (APY) effective as of 2/14/09. The special rate of 3.01% APY will be offered from 2/14/09 through 2/21/09 at the Derry branch only for customers with a River Bank checking account. For customers without a River Bank checking account, the APY for the 6 month CD is 2.91% APY. $500 minimum balance to open and maintain account. Early withdrawal penalties may apply. Fees could reduce earnings on the account.