M&A Deal Summary

LCNB National Bank Acquires Eagle

On November 29, 2023, LCNB National Bank acquired financial services company Eagle

Acquisition Highlights
  • This is LCNB National Bank’s 2nd transaction in the Financial Services sector.
  • This is LCNB National Bank’s 2nd transaction in the United States.
  • This is LCNB National Bank’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2023-11-29
Target Eagle
Sector Financial Services
Buyer(s) LCNB National Bank
Deal Type Add-on Acquisition
Advisor(s) Janney Montgomery Scott LLC (Financial)
Luse Gorman (Legal)

Target

Eagle

Cincinnati, Ohio, United States
Eagle is a state-chartered bank operating under a universal bank charter election in accordance with applicable Ohio law. Formed in 1882, It provides financial services primarily to individuals, families, and businesses through its main office and two branch offices located in Hamilton County, Ohio.

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Buyer(S) 1

Buyer

LCNB National Bank

Lebanon, Ohio, United States
Category Company
Founded 1877
Sector Financial Services
Employees345
Revenue 68M USD (2023)
DESCRIPTION

LCNB National Bank is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), LCNB is engaged in the commercial banking business. The Bank operates 34 full-service bank branches and 38 ATMs in 10 Ohio counties, offering a complete line of banking and trust services. The Bank also operates a loan production office in Columbus, Ohio. LCNB National Bank was founded in 1877 and is based in Lebanon, Ohio.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Columbus First Bancorp.

Worthington, Ohio, United States

Columbus First Bancorp., Inc. is a bank holding company headquartered in Worthington, Ohio and is the parent company of Columbus First Bank. Columbus First Bank operates from its branch and facility in Worthington, Ohio.

Buy $67M
Mergr

Product

Company

Legal