Post-Deal Name Selected

LSB Bancshares Inc. and FNB Financial Services Corp. said they have selected the name NewBridge Bank for the bank that would result from their recently announced deal.

The $987 million-asset LSB of Lexington, N.C., announced plans in late February to join forces with the $1 billion-asset FNB of Greensboro. Though the companies are calling the deal a merger of equals, LSB is purchasing FNB for $125 million in stock.

"The merger itself will represent a strong link between two great banks with histories of long relationships with their respective customers," Robert F. Lowe, LSB's chairman, president, and chief executive officer, said in a press release Thursday. "This new name reflects the continued and growing connection that we will have with our current and new customers."

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