LCNB Corp. has completed its acquisition of BNB Bancorp Inc. and BNB’s banking subsidiary, Brookville National Bank.
The BNB Bank offices will now assume the name LCNB National Bank, and the management and staff will essentially remain the same, according to LCNB.
“We are very excited to be entering the Brookville Market and pleased to be partnering with such a strong and well respected community bank,” Stephen Wilson, chairman and chief executive officer of LCNB, said in a written statement.
Roger Moler, BNB president, said in a release that Brookville National Bank looks forward to joining LCNB and “having the ability to offer expanded bank services to the Brookville community.”
The transaction gives LCNB two additional banking offices in Montgomery County, along with an additional $111.8 million in total assets.
LCNB is a financial holding company headquartered in Warren County’s Lebanon. Its wholly-owned subsidiary LCNB National Bank operates 37 offices located in Butler, Clermont, Clinton, Fayette, Hamilton, Montgomery, Preble, Ross and Warren counties.
In addition to BNB Bancorp, LCNB also recently acquired First Capital Bankshares Inc., the parent company of Citizens National Bank of Chillicothe, in a 2013 deal; and five branch offices of Eaton National Bank & Trust Co. in Preble County in a 2014 deal.
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