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LCNB Corp. completes acquisition of Eagle Financial Bancorp, Inc. to create an independent community bank

Apr 12, 2024•over 1 year ago

Acquiring Company

LCNB

Acquired Company

Eagle Financial Bancorp

LebanonCincinnatiBankingLendingFinanceFinancial ServicesBanking

Description

LCNB Corp. has successfully completed the acquisition of Eagle Financial Bancorp, Inc. and the subsequent merger of EAGLE.bank with LCNB National Bank, resulting in the establishment of an independent community bank with over $2.5 billion in total assets. This strategic move has expanded LCNB's presence across Southwestern Ohio and Northern Kentucky markets, enhancing its capacity to offer community-focused financial products and resources to a larger customer base.

Company Information

Company

LCNB

Location

Lebanon, Ohio, United States

About

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 with customers and communities, the Bank offers convenient banking locations in Butler, Clermont, Clinton, Fayette, Franklin, Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. The Bank continually strives to exceed customer expectations and provides an array of services for all personal and business banking needs including checking, savings, online banking, personal lending, business lending, agricultural lending, business support, deposit and treasury, investment services, trust and IRAs and stock purchases. LCNB Corp. common shares are traded on the NASDAQ Capital Market Exchange® under the symbol “LCNB.”

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed