Exhibit 99.1

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

                                 LSB CORPORATION
                 FINAL DISTRIBUTION RECEIVED BY BANK SUBSIDIARY

NORTH ANDOVER, MA, -- (MARKET WIRE) - DECEMBER 15, 2005 - LSB Corporation, (the
"Corporation" or the "Company") (NASDAQ-LSBX), reports the receipt of $2.2
million on a U.S. Bankruptcy Judge's Order on the Trustee's Report on Claims'
and Proposed Distribution and the Trustees' Final Report for authorization to
make a final distribution in a case in which the Company's wholly owned
subsidiary, Lawrence Savings Bank (the "Bank"), is a creditor. The $2.2 million
distribution has been recorded as income by the Bank on December 15, 2005.

The amount of the final distribution has not previously been recognized in the
Company's Consolidated Financial Statements. The diluted earnings per share
impact of the interim distribution is approximately $0.29 per share based on
average dilutive shares outstanding at September 30, 2005.

Additional background information regarding the matter follows: The pendency of
this matter was noted in the Company's Consolidated Financial Statements as of
and for the periods ended December 31, 2004, 2003 and 2002 and in the Company's
Form 10Q Quarterly Report for the period ended September 30, 2005. The Bank was
awarded a $4.2 million judgment against the debtor in 1997. On February 13,
2002, the debtor filed a petition in bankruptcy under Chapter 7 of the
Bankruptcy Code. Post-judgment interest calculated from the date of judgment to
the date of the bankruptcy filing is approximately $1.9 million. The Company
previously reported the receipt during the quarter ended June 30, 2004 of an
interim distribution of $2.5 million in this matter.

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 statements
are not historical facts and include expressions of management's expectations at
a specific point in time regarding future actions, relationships, structures,
decisions and conditions. Such expectations may or may not be realized,
depending on a number of variable factors, including but not limited to, the
exercise of judicial discretion, the identification of additional creditors,
errors in the Bankruptcy Trustee's estimation of taxes and or administrative
expenses, or the reversal or modification of completed sales of bankruptcy
assets. As a result of such risks 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 revisions to any such forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after the
date of such statement.