---
schema_version: "secwatch.filing_event.v1"
accession: "0001074902-23-000107"
form_type: "8-K"
ticker: "LCNB"
cik: "0001074902"
company_name: "LCNB CORP"
filed_at: "2023-11-29T23:59:59+00:00"
generated_at: "2026-06-07T20:12:42.746838+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LCNB signs $23.1M deal for Eagle Financial Bancorp at $19.10/share or 1.1401 shares

## Summary
- Exchange ratio: 1.1401 LCNB shares or $19.10 cash per EFBI share; aggregate value ~$23.1M.
- Expected ~11.5% accretive to 2025 EPS and ~11.1% accretive to 2026 EPS.
- Tangible book value dilution ~2.4% at close; earn-back period ~2.1 years using crossover method.
- Eagle had $175.8M assets, $140.8M loans, $135.0M deposits as of Sept 30, 2023.
- Transaction expected to close in Q2 2024; Patricia L. Walter to join LCNB as EVP.

## SEC filing metadata
- accession: 0001074902-23-000107
- form_type: 8-K
- ticker: LCNB
- cik: 0001074902
- company_name: LCNB CORP
- filed_at: 2023-11-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074902/000107490223000107/0001074902-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074902/000107490223000107/lcnb-20231129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001074902-23-000107
- JSON: https://secwatch.observer/filing/0001074902-23-000107.json
- Plain text: https://secwatch.observer/filing/0001074902-23-000107.txt

## Key facts
- Material Agreements
  LCNB CORP entered into Agreement and Plan of Merger with Eagle Financial Bancorp, Inc. (effective 2023-11-28).
  - Action: entry
  - Agreement: merger
  - Counterparty: Eagle Financial Bancorp, Inc.
  - Effective: 2023-11-28
  source text: On November 28, 2023, LCNB Corp., an Ohio corporation (“LCNB”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Eagle Financial Bancorp, Inc., a Maryland corporation (“EFBI”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074902/000107490223000107/0001074902-23-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.