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词条 Lorain National Bank
释义

  1. History

  2. References

{{Infobox company
| name = LNB Bancorp, Inc.
| fate = Acquired by Northwest Bank
| foundation = {{start date and age|1905}}
| defunct = {{end date and age|August 14, 2015}}
| industry = Banking
| location = Lorain, Ohio
| key_people = {{nowrap| Daniel E. Klimas, President & CEO
James R. Herrick, Chairman
James H. Nicholson, CFO}}
| assets = $1.236 billion (2014)
| equity = $0.115 billion (2014)
| num_employees = 272 (2014)
| footnotes = [1]
}}

The Lorain National Bank was a bank headquartered in Lorain, Ohio. The bank was a subsidiary of LNB Bancorp, a bank holding company. It operated 20 branches, all of which were in Lorain County, Cuyahoga County, or Summit County. In 2015, the bank was acquired by Northwest Bank.

History

The bank was founded in 1905 as Lorain Banking Co.[2][1]

In 1961, it merged with the National Bank of Lorain to form Lorain National Bank.[2][1]

In February 2005, Daniel Kilmas became president & chief executive officer of the bank.[3]

In December 2008, the bank received a $25.2 million investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program.[3][4] The bank remained under partial government ownership until 2012.[5]

In 2007, the bank acquired Morgan Bancorp for $26.5 million in cash and stock.[6]

In 2015, the bank was acquired by Northwest Bank.[2][7]

References

1. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/101880/0000916641-98-000358.txt | title=LNB Bancorp, Inc. 2014 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
2. ^{{cite news | url=http://www.cleveland.com/business/index.ssf/2014/12/lorain_national_bank_sold_to_n.html | title=Lorain National Bank sold to Northwest Bank of Warren | first=Teresa Dixon | last=Murray | work=The Plain Dealer | date=December 16, 2014}}
3. ^{{cite news | url=http://www.cleveland.com/business/index.ssf/2012/07/lorain_national_bank_enjoys_po.html | title=Lorain National Bank enjoys post-TARP era without government ownership: Talk with the Boss | first=Teresa Dixon | last=Murray | work=The Plain Dealer | date=July 21, 2012}}
4. ^{{cite press release | url=https://www.businesswire.com/news/home/20081120005183/en/LNB-Bancorp-Receives-Preliminary-Approval-25.2-Million | title=LNB Bancorp Receives Preliminary Approval for $25.2 Million Investment under U.S. Treasury’s TARP Program | publisher=Business Wire | date=November 20, 2008}}
5. ^{{cite news | url=https://www.americanbanker.com/news/lnb-bancorp-in-ohio-buys-back-tarp-shares | title=LNB Bancorp in Ohio Buys Back Tarp Shares | first=Brian | last=Browdie | work=American Banker | date=December 26, 2012}}{{subscription required}}
6. ^{{cite press release | url=https://www.businesswire.com/news/home/20070116005727/en/LNB-Bancorp-Morgan-Bancorp-Announce-Merger-Agreement | title=LNB Bancorp, Inc. and Morgan Bancorp, Inc. Announce Merger Agreement | publisher=Business Wire | date=January 16, 2007}}
7. ^{{cite press release | url=https://www.prnewswire.com/news-releases/northwest-bancshares-inc-completes-merger-with-lnb-bancorp-inc-300128917.html | title=Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc. | publisher=PRNewswire | date=August 14, 2015}}

6 : Lorain, Ohio|Defunct banks of the United States|1905 establishments in Ohio|Banks established in 1905|2015 disestablishments in Ohio|Banks disestablished in 2015

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