307:, a bank nearly equal in assets. With the merger approved by stockholders on July 31, 2007, the new bank is the sixth largest in North Carolina. The post-merger institution, operating under the name NewBridge Bank, began public operations on November 13, 2007.
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at the corner of State Street and West First Street in
Lexington. This new "LSB Plaza" expanded as the company grew. The holding company for LSB was created in July 1983 and in 1985 LSB opened its first 24-hour
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NewBridge Bank has 42 full-service banking offices, total assets of about $ 2 billion and total deposits of about $ 1.6 billion, and an increased geographic size including counties in coastal
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who were willing to buy them. The first banking office opened in uptown
Lexington's Courthouse Square on July 5, 1949, one day after
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172:. Its motto was "The Bank" and its slogans were "Beeline Banking", and "Easy as L-S-B". The bank had 29 branches across the
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In July 1997 Old North State Bank and LSB shareholders agreed to merge into a single company; the LSB name remained.
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On
February 27, 2007 Lexington State Bank announced its intention to merge with the
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at the close of business on
December 31, 1949, totaled $ 1,845,680.82, including
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included deposits of $ 1,602,541.59 and other liabilities of $ 22,201.84,
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In April 1962, LSB moved its headquarters to an old
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216:for Lexington State Bank. In 2007, it merged with
240:. Shares of the company were sold to citizens of
232:LSB was founded in 1949 by Dr. J. A. Smith, a
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378:Defunct companies based in North Carolina
276:of $ 150,000 and surplus of $ 70,937.39.
373:Companies formerly listed on the Nasdaq
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368:Defunct banks of the United States
248:. Dr. Smith became the new bank's
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164:(commonly known as "LSB") was a
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348:Davidson County, North Carolina
242:Davidson County, North Carolina
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383:2007 mergers and acquisitions
358:Banks based in North Carolina
288:(ATM) at Lexington Hospital.
238:North Carolina Representative
363:Banks disestablished in 2007
16:Defunct bank holding company
333:NewBridge - About NewBridge
72:; 75 years ago
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353:Banks established in 1949
295:Merger with FNB Southeast
170:Lexington, North Carolina
103:Merged with FNB Southeast
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286:automatic teller machine
254:Chairman of the Board
202:LSB Bancshares, Inc.
176:region operating in
162:Lexington State Bank
20:LSB Bancshares, Inc.
151:Number of employees
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268:of $ 799,626.92.
168:company based in
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246:Independence Day
137:Robert F. Lowe (
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327:External links
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281:hardware store
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222:NewBridge Bank
198:North Carolina
174:Piedmont Triad
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118:Headquarters
34:Company type
270:Liabilities
54:: LXBK
342:Categories
322:References
301:Greensboro
212:) was the
133:Key people
266:discounts
250:President
234:physician
122:Lexington
108:Successor
46:Traded as
316:Virginia
303:-based
220:to form
194:Randolph
190:Guilford
178:Davidson
139:chairman
59:Industry
274:capital
228:History
208::
186:Forsyth
166:banking
90: (
85:Defunct
75: (
67:Founded
62:Banking
258:Assets
206:Nasdaq
192:, and
182:Stokes
52:Nasdaq
38:Public
262:loans
264:and
252:and
210:LXBK
141:and
100:Fate
92:2007
88:2007
77:1949
70:1949
155:417
143:CEO
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224:.
200:.
188:,
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204:(
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94:)
79:)
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