LCNB National Bank and Citizens National Bank Finalize Their Merger
11 Enero 2013 - 3:44PM
Business Wire
On Friday, January 11, 2013, the officers and directors of LCNB
National Bank of Lebanon and Citizens National Bank of Chillicothe
finalized the merger of their full-service historic Community
Banks. The Citizens National Bank offices will now assume the name,
LCNB National Bank, and the management and staff will essentially
remain the same.
Tom Beard, former CNB President and CEO, will become a Regional
President of LCNB and continue in his role in serving the financial
and loan needs in Ross, Fayette and surrounding counties. Mr. Beard
stated, "We are excited to finalize our merger with LCNB National
Bank. We have always considered LCNB to be one of the strongest
banks in Ohio that still holds true to the values of personal
service and community banking." He continued, "Our customers will
enjoy the same personal service but with the added financial
services like a full-service Trust and Investment Department, a
higher lending limit and mobile banking. We look forward to what
the future brings to benefit our customers."
Steve Foster, President of LCNB stated, "LCNB was founded in
Lebanon in 1877, a community that is very similar to Chillicothe
and its surrounding communities. Like Citizens National Bank, we
have served generations of families and businesses by providing the
financial products and services they need to help them succeed." He
continued, "Personally, my first job in banking was here in
Chillicothe and I grew up in the area. It is very important to me
and all of our staff that the people of Ross and Fayette counties
receive the service and financial products they need to
succeed."
Stephen Wilson, Chairman and CEO of LCNB commented, “Working
with John Kochensparger, his Board, Tom Beard and his staff, to
accomplish this merger has been a distinct pleasure. Our cultures
as two dedicated community banks matched up very well. We will work
extremely hard going forward to make this a win for our
shareholders, customers, employees, and all the communities we
serve.”
LCNB Corp. (NASDAQ:LCNB) is a financial holding company
headquartered in Lebanon, Ohio. LCNB National Bank is its
wholly-owned subsidiary with 31 offices located in Butler,
Clermont, Clinton, Fayette, Hamilton, Montgomery, Ross, and Warren
Counties, Ohio. Additional information about LCNB Corp. and
information about products and services offered by LCNB National
Bank can be found on the Internet at www.LCNB.com.
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