M&A
confidence high
sentiment positive
materiality 0.65
LCNB CORP (LCNB): M&A transaction — LCNB Corp completes acquisition of Eagle Financial Bancorp; combined assets exceed $2.5B
LCNB CORP
- EFBI shareholders received 1.1401 LCNB shares or $19.10 cash per share; total consideration not disclosed.
- Combined pro forma deposits of $1.96B and loans of $1.86B as of Dec 31, 2023; EFBI contributed ~$137M deposits and ~$141M loans.
- LCNB now operates 36 full-service offices in Ohio and one in Northern Kentucky, up from prior scale.
- Patricia L. Walter, former EFBI President, joins LCNB as Executive Vice President.