Lexington State Bank offers "The Wall Street Corner"

Business Wire, Dec 12, 1994

LEXINGTON, N.C.--(BUSINESS WIRE)--Dec. 12, 1994--Lexington State Bank (NASDAQ: LXBK) announced today the opening of LSB Financial Services Inc., a subsidiary corporation.

LSB Financial Services Inc., through its relationship with Wall Street Investor Services, member NYSE and SIPC, will offer The Wall Street Corner located at Lexington State Bank.

Through The Wall Street Corner, LSB customers and area residents will have access to a full range of uninsured, nondeposit investment products, including mutual funds, annuities, stocks and bonds.

"We selected Wall Street Investor Services," commented Robert F. Lowe, LSB chairman, president and CEO, "because we're confident of their ability to provide our customers with the high level of personal service they've come to expect from Lexington State Bank."

Lowe continued: "Wall Street Investor Services shares our commitment to provide consumers with convenient access to products and services of the highest quality. They're also committed to providing the information investors need to make informed decisions.

"In addition," said Lowe, "the Corporation for American Banking, a subsidiary of American Bankers Association, has endorsed Wall Street Investor Services as the exclusive securities products and program provider to its member banks."

The Wall Street Corner Investment Counselors assist customers in determining and working towards their financial goals and investment objectives. Financial planning is one of the many services provided for individual as well as small business clients.

Stephen B. White, a certified financial planner, Series 7 general securities representative and a licensed insurance agent, joins The Wall Street Corner as program manager and investment counselor. White has six years of experience as a financial planner and investment representative.

Christine Voncannon, a Series 6 limited securities representative and a licensed insurance agent, joins The Wall Street Corner as an investment counselor.

The Wall Street Corner located at Lexington State Bank is on the West Center Street corner of LSB's Home Office building. Public hours are 9 a.m. until 5 p.m. Monday through Thursday and from 9 a.m. until 6 p.m. on Fridays.

The Wall Street Corner located at Lexington State Bank offers products through Wall Street Investor Services (WSIS). WSIS is an independent broker-dealer, member NYSE and SIPC. Investments are not deposits or obligations or, guaranteed or insured by, Lexington State Bank or any depository institution, the FDIC or any other government agency. The investments are subject to risk, including the possible loss of principal.

CONTACT: Lexington State Bank, Lexington

             Stephen B. White, 704/246-8400 or
              1/800/380-5723 (N.C. only)

KEYWORDS: NORTH CAROLINA

INDUSTRY KEYWORD: BANKING REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or

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