LCNB closes USD 25 million subordinated notes offering

Reuters2026/08/10 20:07

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LCNB closed a private placement of USD 25 million 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036.
Proceeds earmarked to repay about USD 8.8 million of existing long-term debt, with the balance for general corporate purposes.
Notes pay 6.50% fixed for five years, then reset to 3-month SOFR + 234 basis points.
Notes callable on any interest payment date from Aug. 15, 2031.
Offering structured to qualify as Tier 2 capital for regulatory purposes.

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 Business Wire (Ref. ID: 202608101605BIZWIRE_USPR_____20260810_BW056610) on August 10, 2026, and is solely responsible for the information contained therein.

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LCNB closes USD 25 million subordinated notes offering

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