AMENDMENT AND WAIVER TO EMPLOYMENT AND CHANGE OF CONTROL AGREEMENT

Exhibit 10.27

AMENDMENT AND WAIVER
TO
EMPLOYMENT AND CHANGE OF
CONTROL AGREEMENT

     FNB Financial Services Corporation (“Corporation”), FNB Southeast (“Bank”) and Xxxxxxxx X. Xxxxxxx hereby agree as follows:

     1. Xx. Xxxxxxx hereby consents and agrees that neither the merger of the Corporation with and into LSB Bancshares, Inc. (“LSB”) nor the merger of FNB Southeast with and into Lexington State Bank shall be deemed a “Change of Control” for purposes of Section 9 of the Employment And Change of Control Agreement among the Corporation, the Bank and Xx. Xxxxxxx dated as of January 1, 2007 (“Agreement”).

     2. The Agreement shall continue in full force and effect.

     This the 26^th day of April, 2007.

		/s/ Pressley A. Xxxxxxx
		Xxxxxxxx X. Xxxxxxx
		FNB Financial Services Corporation
		By:		/s/ Xxxxx X. Xxxxxx
		Xxxxx X. Xxxxxx Chairman
		FNB Southeast
		By:		/s/ Xxxxx X. Xxxxxx
		Xxxxx X. Xxxxxx Chairman