LCNB Corp. secures $5M revolver and $15M term loan, terminates prior $20M line

LCNB CORP

New revolving line of credit of $5M at Prime minus 0.25%, matures June 15, 2023.
New term loan of $15M at fixed 4.25%, matures June 15, 2025; prepayment penalty 1% if refinanced within 3 years.
Both loans secured by Negative Pledge Agreement on LCNB National Bank stock.
Facilities replace prior $20M revolver from February 2022; old line terminated.
Lender is Bankers' Bank; standard events of default apply.

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