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LCNB National Bank Approves $62 Million in Loans in January 2009

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^{Published in Business and Finance on Friday, February 6th 2009 at 15:09 GMT, Last Modified on 2009-02-06 15:09:49 by Market Wire}  

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 ].