8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 8, 2008

LSB CORPORATION

(Exact name of registrant as specified in its charter)

Massachusetts
(State or other jurisdiction
of incorporation) 000-32955
(Commission File
Number) 04-3557612
(I.R.S. Employer
Identification No.)

30 Massachusetts Avenue
North Andover, Massachusetts 01845
(978) 725-7500
(Address, including zip code, of registrant’s principal executive offices
and registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 8.01.     Other Event.
	Item 9.01.     Financial Statements and Exhibits
	SIGNATURES
	EXHIBIT INDEX
Ex-99.1 Press Release dated December 8, 2008

Item 8.01.     Other Event.

     On December 8, 2008, the registrant announced, in a press release, it had received preliminary approval from the U.S. Treasury Department to participate in the Treasury’s Capital Purchase Program, a voluntary program available to healthy financial institutions. The Treasury Department intends to invest approximately $15 million in LSB Corporation in the form of preferred stock and warrants to purchase common stock. A copy of the press release issued by the registrant is herewith attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.     Financial Statements and Exhibits

Exhibits.

99.1     Press Release dated December 8, 2008.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LSB CORPORATION DATED: December 8, 2008
By:	/s/ GERALD T. MULLIGAN
	Gerald T. Mulligan
	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated December 8, 2008

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE CONTACT: Gerald T. Mulligan
President & CEO     (978) 725-7555

LSB Corporation Receives Preliminary Approval to Participate in U.S. Treasury’s Capital Purchase Program

NORTH ANDOVER, MA — (MARKET WIRE) — December 8, 2008 — LSB Corporation (NASDAQ-LSBX) (the “Company”), the parent company of River Bank (the “Bank”), today announced that it has received preliminary approval from the U.S. Treasury Department to participate in the Treasury’s Capital Purchase Program, a voluntary program available to healthy financial institutions that is designed to increase the flow of financing to business and consumers and to support the U.S. economy. The Treasury intends to invest approximately $15 million in LSB Corporation in the form of preferred stock and warrants to purchase common stock.

“We are extremely pleased by the U.S. Treasury Department’s preliminary approval of a capital investment in the Company,” said Gerald T. Mulligan, President and CEO. “It will, among other things, enhance our already strong capital position, allow us to increase lending and build on the momentum of the first three quarters of 2008.”

Completion of the proposed transaction will be subject to receipt of the final approval from the Treasury Department and certain other customary conditions.

LSB Corporation is a Massachusetts corporation that conducts all of its operations through the Bank, which is its sole subsidiary. 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. River Bank 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 Bank will open its newest full-service branch in Derry, New Hampshire at the end of the month.

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, changes in real estate valuations, general economic conditions (either nationally or regionally), regulatory considerations and competition. For more information about these factors, please see our recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q 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.