AMENDMENT AND WAIVER TO EMPLOYMENT CONTINUITY AGREEMENT

Exhibit 10.29

AMENDMENT AND WAIVER
TO
EMPLOYMENT CONTINUITY
AGREEMENT

     LSB Bancshares, Inc. (“Corporation”) and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ hereby agrees as follows:

     1. ▇▇. ▇▇▇▇▇▇ hereby consents and agrees that neither the merger of FNB Financial Services Corporation (“FNB”) with and into the Corporation nor the merger of FNB’s banking subsidiary, FNB Southeast, with and into Lexington State Bank shall be deemed a “Covered Transaction” for purposes of Section 4 of the Employment Continuity Agreement between the Corporation and ▇▇. ▇▇▇▇▇▇ dated as of January 1, 2004 (“Agreement”).

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

     This the 7^th day of June, 2007.

		/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
		▇▇▇▇▇ ▇. ▇▇▇▇▇▇
		LSB Bancshares, Inc.
		By:		/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇
				▇▇▇▇▇▇ ▇. ▇▇▇▇