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LCNB closes $25 million subordinated debt offering
LCNB Corp. (NASDAQ:LCNB) has successfully closed a private placement of $25.0 million in subordinated notes due 2036. The notes carry a fixed interest rate of 6.50% for the first five years, then convert to a variable rate, and are callable after August 15, 2031. The proceeds will be used to repay existing debt and support LCNB National Bank's …