secwatch.observer — SEC 8-K summary
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Issuer:     LCNB CORP (LCNB)
CIK:        0001074902
Form:       8-K
Filed at:   2026-08-07T20:02:07+00:00
Accession:  0001437749-26-026574
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LCNB closes $25M subordinated notes offering; proceeds to repay $8.8M debt
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- Issued $25.0M aggregate 6.50% Fixed-to-Floating Rate Subordinated Notes due 2036.
- Notes convert to 3-month SOFR + 234 bps after Aug 15, 2031; callable on/after that date.
- Proceeds: repay ~$8.8M existing long-term debt; remainder for general corporate/growth.
- Notes structured to qualify as Tier 2 capital; unsecured, subordinated, no holder redemption.
- CEO cites record Q2 results and growth opportunities; Brean Capital sole placement agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074902/000143774926026574/0001437749-26-026574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074902/000143774926026574/lcnb20260806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-026574

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