LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.22 per common share. The common stock cash dividend will have a record date of September 3, 2024, and is payable to shareholders on September 16, 2024. About LCNB Corp. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central Ohio and Northern Kentucky. A financial institution with a long tradition for buildin...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three months and six months ended June 30, 2024. Commenting on the financial results, LCNB President and Chief Executive Officer Eric Meilstrup said, “Our second quarter results demonstrate the initial contribution of the April 12, 2024 Eagle Financial Bancorp, Inc. (“EFBI” or “Eagle”) acquisition and the growing benefits of the November 1, 2023 Cincinnati Bancorp, Inc. (“Cincinnati Federal”) acquisition. As a result of these transformative transactions, LCNB's scale increased to $4....
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (“LCNB”) (Nasdaq: LCNB) today announced that Matthew P. Layer, EVP and Chief Lending Officer, will retire from the Company effective September 30, 2024. As part of the Company’s established succession plan, Jeff D. Meeker, LCNB’s current SVP and Chief Credit Officer, will assume the role of EVP and Chief Lending Officer at September 30, 2024. “On behalf of everyone at LCNB, I want to thank Matt for his years of dedication and service. Matt joined LCNB in 1982 and has been an important part of LCNB’s success and growth over the past 42 years. During...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.22 per common share. The common stock cash dividend will have a record date of June 3, 2024, and is payable to shareholders on June 17, 2024. About LCNB Corp. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central Ohio and Northern Kentucky. A financial institution with a long tradition for building strong r...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three months ended March 31, 2024. Commenting on the financial results, LCNB President and Chief Executive Officer, Eric Meilstrup said, “Our first quarter performance reflects our near-term focus on integrating the November 2023 Cincinnati Federal acquisition and completing the merger with Eagle Financial Bancorp, Inc. (“EFBI” or “Eagle”), which I am pleased to report closed on April 12, 2024. I am excited by the opportunities underway to leverage the benefits of these two acquisiti...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (“LCNB”) (Nasdaq: LCNB) today announced that it completed the acquisition of Eagle Financial Bancorp, Inc. (“EFBI” or “Eagle”) and the merger of EAGLE.bank with and into LCNB National Bank. The transaction creates an independent community bank with over $2.5 billion in total assets. President and CEO of LCNB, Eric Meilstrup, stated, “We are excited to complete the Eagle transaction following the November 2023 acquisition of Cincinnati Federal. As a result of these two transactions, LCNB has created a premier community banking institution across att...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.22 per common share, which is a 4.8% increase over the same period last year. The common stock cash dividend will have a record date of March 1, 2024, and is payable to shareholders on March 15, 2024. About LCNB Corp. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central Ohio and Northern Kentucky. A financ...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three and twelve months ended December 31, 2023. Commenting on the financial results, LCNB President and Chief Executive Officer Eric Meilstrup said, “I am pleased with the progress we made in 2023 executing our multi-year strategic growth plan, maintaining excellent asset quality, and returning additional capital back to our shareholders through our higher annual dividend, despite a challenging operating environment and restrictive Federal Reserve monetary policies. In November 2023...
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LEBANON, Ohio & CINCINNATI--(BUSINESS WIRE)-- LCNB Corp. (“LCNB”) (NASDAQ: LCNB), the holding company for LCNB National Bank, and Eagle Financial Bancorp, Inc. (“EFBI” or “Eagle”) (OTCQB: EFBI), the holding company for EAGLE.bank, announced today that they have signed a definitive merger agreement whereby LCNB will acquire EFBI in a stock-and-cash transaction. EAGLE.bank operates three full-service banking offices in Cincinnati, Ohio. EFBI had approximately $175.8 million in assets, $140.8 million in loans, $135.0 million of deposits, and $26.3 million in consolidated stockholders’ equity as o...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.22 per common share which is a 4.8% increase over the same period last year. The common stock cash dividend will have a record date of December 1, 2023, and is payable to shareholders on December 15, 2023. Eric Meilstrup, President and Chief Executive Officer stated, “LCNB has a history of returning capital to shareholders through our growing dividend program. With the increase in our 2023 fourth quarter dividend, LCNB has grown its annual cash divid...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (“LCNB”) (Nasdaq: LCNB) today announced that it completed its merger with Cincinnati Bancorp, Inc. (“CNNB”), the holding company for Cincinnati Federal, a federal savings bank (“Cincinnati Federal”), effective November 1, 2023. As a result of the merger, shares of CNNB are no longer quoted on the OTCQX Market. Following the merger of CNNB with and into LCNB, Cincinnati Federal merged with and into LCNB National Bank. Eric Meilstrup, President and CEO of LCNB, stated, “We are thrilled to complete this transaction and welcome CNNB’s customers, employ...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.21 per common share. The common stock cash dividend will have a record date of September 1, 2023, and is payable to shareholders on September 15, 2023. About LCNB Corp. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central Ohio. A financial institution with a long tradition for building strong relationships...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three and six months ended June 30, 2023. Commenting on the financial results, LCNB President and Chief Executive Officer Eric Meilstrup said, “I am pleased with our favorable second quarter performance and the progress we are making despite a difficult operating environment. During the second quarter, we increased net income and earnings per share from first quarter levels, maintained excellent asset quality, and achieved record net loans, LCNB Wealth Management assets, and total as...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company has been selected to join the Russell 3000® Index. This marks the 35th annual reconstitution and will be effective once the U.S. markets open on June 26, 2023, according to a preliminary list of additions posted May 19. Eric Meilstrup, President and CEO of LCNB, stated, “Our membership in the Russell 3000® Index reflects the success of our long-term growth initiatives, as well as our commitment to enhancing shareholder value through our growing dividend policy and opportunistic share repurchase progra...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.21 per common share. The common stock cash dividend will have a record date of June 1, 2023, and is payable to shareholders on June 15, 2023. About LCNB Corp. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in the Southwest and South-Central Ohio regions. A financial institution with a long tradition for building strong relationshi...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. ("LCNB") (NASDAQ: LCNB) today announced financial results for the three months ended March 31, 2023. Commenting on the financial results, LCNB President and Chief Executive Officer Eric Meilstrup said, “We continue to successfully navigate an extremely fluid operating environment as a result of the community banking values we have followed throughout our history, our prudent focus on risk management, and our commitment to our customers and communities. We believe these core operating principles not only position the bank for success in any economic...
LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors has approved a new share repurchase program under which the Company is authorized to repurchase up to 500,000 shares of its common stock (the “Program”). LCNB President and Chief Executive Officer Eric Meilstrup said, “Since 2020, LCNB has invested approximately $34 million to repurchase 1,851,403 shares of our stock, reducing our common shares outstanding by approximately 14.3% prior to the repurchase. In addition, over this period our annual dividend has increased by 11% to $0.81...
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