**EXHIBIT
      99.1**








Contact:
              Robert
                  F. Lowe
              Pressley
                  A. RidgillLSB
                  Bancshares, Inc.
              FNB
                  Financial Services Corporation336-248-6500
              336-
                  369-0900





March
      23,
      2007








LSB
      Bancshares, Inc. and FNB Financial Services Corporation




Announce
      Executive Management Team of New Bank





GREENSBORO,
      NC – Robert F. Lowe, Chairman, President and CEO of LSB Bancshares, Inc.
      (NASDAQ:LXBK) and Pressley A. Ridgill, President and CEO of FNB Financial
      Services Corporation (NASDAQ:FNBF) are pleased to announce the executive
      management team of the new merged bank that will be created when the merger
      agreement of the two banks is finalized by the end of the third quarter
      2007.





Pressley
      A. Ridgill, who was named President and CEO of the new bank on Feb. 27, will
      report to Mr. Lowe along with Monty Oliver, Executive Vice President of
      Finance.





Reporting
      to Mr. Ridgill will be Frank Sherron, Sr. Executive Vice President, Corporate
      Business Development and Strategic Initiative; Wes Budd, Executive Vice
      President, Chief Credit Officer; Mike Shelton, Executive Vice President, Chief
      Financial Officer, and Robert Lineback, Executive Vice President, Retail
      Banking Administration, Sales and Service, Investments and Trust.





Also,
      Rick Webster, Executive Vice President, Mortgage Banking, Shenandoah Valley
      Region, Rockingham County Region, Peoples Finance, Indirect Lending, Credit
      Card
      and Construction Lending; Richard Ballentine, Executive Vice President, Chief
      Information Officer; David Barksdale, Regional President, LSB Market Area;
      Paul
      McCombie, Regional President, Coastal Area; Robin Hager, Executive Vice
      President, Human Resources, Marketing and Training; and Robin Huneycutt,
      Executive Vice President, Board Relations.  A Regional President of
      the Greensboro Area and an Internal Audit executive will be named at a later
      date.





“The
      integration of our two banks starts with the naming of this management team,”
said Mr. Lowe.  “They will begin to review and define best practices
      and will put together the best capabilities from each company.”










“We
      have
      selected a strong team” said Mr. Ridgill.  “This team will ensure we
      have common philosophies by area and will build the organizational structure
      to
      deliver the action plans that will be developed to bring us together at the
      closing.”











For
      more
      information about the signing of the merger agreement, go to
www.lsbnc.com or www.fnbsoutheast.com




**ADDITIONAL
      INFORMATION AND WHERE TO FIND IT**





IN
      CONNECTION WITH THE MERGER, LSB WILL FILE A REGISTRATION STATEMENT, WHICH WILL
      INCLUDE A JOINT PROXY STATEMENT/PROSPECTUS TO BE SENT TO EACH COMPANY’S
      SHAREHOLDERS, AND EACH OF LSB AND FNB MAY FILE OTHER RELEVANT DOCUMENTS
      CONCERNING THE MERGER WITH THE SECURITIES AND EXCHANGE COMMISSION (THE
“SEC”).  STOCKHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND
      THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE MERGER WHEN THEY BECOME
      AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY
      AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN
      IMPORTANT INFORMATION.





YOU
      WILL
      BE ABLE TO OBTAIN A FREE COPY OF THE JOINT PROXY STATEMENT/PROSPECTUS, AS WELL
      AS OTHER FILINGS CONTAINING INFORMATION ABOUT LSB AND FNB, AT THE SEC’S WEBSITE
      (HTTP://WWW.SEC.GOV).  YOU WILL ALSO BE ABLE TO OBTAIN THESE
      DOCUMENTS, FREE OF CHARGE, BY ACCESSING LSB’S WEBSITE
      (HTTP://WWW.LSBNC.COM), OR BY ACCESSING FNB’S WEBSITE
      (HTTP://WWW.FNBSOUTHEAST.COM).





**PARTICIPANTS
      IN THE SOLICITATION**





LSB
      AND
      FNB AND THEIR RESPECTIVE DIRECTORS AND EXECUTIVE OFFICERS MAY BE DEEMED TO
      BE
      PARTICIPANTS IN THE SOLICITATION OF PROXIES FROM THE SHAREHOLDERS OF LSB AND/OR
      FNB IN CONNECTION WITH THE MERGER.  INFORMATION ABOUT THE DIRECTORS
      AND EXECUTIVE OFFICERS OF LSB IS SET FORTH IN LSB’S FORM 10-K, AS FILED WITH THE
      SEC ON MARCH 16, 2007.  INFORMATION ABOUT THE DIRECTORS AND EXECUTIVE
      OFFICERS OF FNB IS SET FORTH IN FNB’S FORM 10-K, AS FILED WITH THE SEC ON MARCH
      16, 2007.  ADDITIONAL INFORMATION REGARDING THE INTERESTS OF THOSE
      PARTICIPANTS AND OTHER PERSONS WHO MAY BE DEEMED PARTICIPANTS IN THE TRANSACTION
      MAY BE OBTAINED BY READING THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE
      MERGER WHEN IT BECOMES AVAILABLE.  YOU MAY OBTAIN FREE COPIES OF THESE
      DOCUMENTS AS DESCRIBED ABOVE.