# LCNB CORP (LCNB) — capital_raise/private_placement [pending]
Source: SEC API (secapi.ai) · situation sit_558261e6ca6e94d3544e · retrieved 2026-08-12T06:59:14.036Z

## Overview
LCNB Corp. is a bank holding company that owns LCNB National Bank, a national bank subsidiary, and operates as a financial institution subject to Federal Reserve regulation.

On August 7, 2026, LCNB Corp. issued and sold $25,000,000 in aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due August 15, 2036 to qualified institutional buyers and accredited investors in a private placement. The notes bear interest at a fixed annual rate of 6.50%, payable semi-annually in arrears on August 15 and February 15 of each year beginning February 15, 2027. From August 15, 2031 through maturity, the interest rate will reset quarterly to the three-month Secured Overnight Financing Rate plus 234 basis points, payable quarterly in arrears. The Company may redeem the notes in whole or in part after August 15, 2031, subject to regulatory approval. The notes are unsecured, subordinated obligations of the Company and are intended to qualify as Tier 2 capital for regulatory purposes. Proceeds will be used for general corporate purposes, including refinancing senior indebtedness and supporting future growth.

## Terms
- Counterparty: Qualified institutional buyers and accredited investors · Deal value: $25.0M · Consideration: cash

## Key dates
- Announced 2026-08-07

## Timeline
- 2026-08-07 · 8-K (0001437749-26-026574): 8-K - LCNB CORP — *LCNB Corp. is a bank holding company that owns LCNB National Bank, a national bank subsidiary, and operates as a financial institution subject to Federal Reserve regulation.* On August 7, 2026, LCNB Corp. issued and sold $25,000,000 in aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due August 15, 2036 to qualified institutional buyers and accredited investors in a private placement. The notes bear interest at a fixed annual rate of 6.50%, payable semi-annually in arrears on August 15 and February 15 of each year beginning February 15, 2027. From August 15, 2031 through maturity, the interest rate will reset quarterly to the three-month Secured Overnight Financing Rate plus 234 basis points, payable quarterly in arrears. The Company may redeem the notes in whole or in part after August 15, 2031, subject to regulatory approval. The notes are unsecured, subordinated obligations of the Company and are intended to qualify as Tier 2 capital for regulatory purposes. Proceeds will be used for general corporate purposes, including refinancing senior indebtedness and supporting future growth.
  https://www.sec.gov/Archives/edgar/data/1074902/0001437749-26-026574.txt

## Citations
- 0001437749-26-026574 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926026574