LCNB closes $25 million subordinated notes offering

Reuters2026/08/07 20:03

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LCNB closed a private placement of USD 25 million 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036.
Net proceeds earmarked to repay about USD 8.8 million of existing long-term debt.
Remaining proceeds set for general corporate purposes, including supporting growth at LCNB National Bank.
Notes pay 6.50% fixed for five years, then float at 3-month SOFR + 234 basis points; callable from Aug. 15, 2031.
Debt structured to qualify as Tier 2 regulatory capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LCNB Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-026574), on August 07, 2026, and is solely responsible for the information contained therein.

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LCNB closes $25 million subordinated notes offering

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