LEBANON, Ohio--(BUSINESS WIRE)--
LCNB Corp. (OTCBB: LCNB) In keeping with their continuing commitment to
lending, LCNB National Bank approved almost $61.9 million in loans
during the month of January 2009.
Stephen P. Wilson, Chairman and CEO LCNB National Bank, stated, "We
continue to invest in the communities we serve just as we have for the
past 131 years. Our goal is to provide responsible loans to our
customers that make good economic sense for both the borrower and the
bank."
In January 2009, LCNB National Bank approved $11,593,000 in loans to
individuals; $6,892,000 in loans to businesses; and, $18,353,000 in
loans to municipal governments including, locally, the Village of
Carlisle, Warren County Career Center, and Harlan and Salem Townships in
Warren County, Ohio.
LCNB also supported the national mortgage markets with purchases of over
$25,000,000 in Government Guaranteed Mortgages in January 2009.
Steve P. Foster, President of LCNB National Bank, added, "The bank is
positioned to continue to provide loans to those in the communities we
serve. The recent investment by the U.S. Treasury of $13.4 million of
Capital Purchase Program funds coupled with the $58 million in the
bank's capital account, will allow us to respond to our customers when
they need help in the form of loans."
LCNB Corp. is a financial holding company headquartered in Lebanon,
Ohio. Affiliates of LCNB Corp. are LCNB National Bank, with 25 offices
located in Warren, Butler, Clinton, Clermont, Hamilton and Montgomery
Counties, Ohio, and Dakin Insurance Agency, Inc. Additional information
about LCNB Corp. and information about products and services offered by
LCNB National Bank and Dakin Insurance Agency can be found on the
Internet at www.lcnb.com
and www.dakin-ins.com.
Source: LCNB Corp.
Contact: LCNB Corp.
Stephen P. Wilson, Chairman and CEO
or Steve P. Foster, President
800-344-BANK