LCNB CORP — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
LCNB Corp. closed a private placement of $25.0 million in aggregate principal amount of 6.50% Fixed-to-Floating Rate Subordinated Notes due August 15, 2036, on August 7, 2026. The notes bear interest at 6.50% fixed for five years, then convert to three-month SOFR plus 234 basis points, and are callable after August 15, 2031. Net proceeds will repay approximately $8.8 million of existing long-term debt, with remaining proceeds supporting general corporate purposes and bank growth.
Why this rating
Moderate transaction—$25M subordinated debt is 12% of company's $206M market cap. Helpful for capital and refinancing, but subordinated tier-2 capital does not materially change business trajectory. Routine for bank holding companies.
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