LSB Corp. names new chief executive

Gerald Mulligan will take over in January as the new chief executive officer of LSB Corporation, parent company of Massachusetts-based Lawrence Savings Bank.

The company said Mulligan will replace Paul Miller, who is stepping down in anticipation of retirement.

Mulligan has 25 years of experience in the banking industry, including four years as Massachusetts’ commissioner of banks. Most recently, he was president and CEO of Andover Bancorp and its banking subsidiaries, Andover Bank of Andover, Mass., and Gloucester Bank and Trust, Gloucester, Mass.

Miller is stepping down after 16 years of service as CEO of Lawrence Savings and LSB Corp.

Lawrence Savings has a branch in Salem, N.H. — NHBR STAFF