LCNB National Bank

What LCNB National Bank does

LCNB National Bank, founded in 1877 and headquartered in Lebanon, Ohio, is a community bank and wholly-owned subsidiary of publicly traded LCNB Corp. (NASDAQ: LCNB). The bank operates 35+ branch locations across the Cincinnati, Dayton, and Columbus regions of Ohio (spanning Warren, Butler, Clermont, Ross, Hamilton, Franklin, Fayette, Clinton, Montgomery, and Preble counties) and serves individual consumers, small-to-mid-size businesses, agricultural operations, and wealth-management clients. Its product suite spans personal deposit and loan products (Kasasa Cash and Saver, Simply Checking, CDs, mortgages, home equity, consumer loans), commercial banking (commercial real estate, construction loans, business lines of credit, equipment financing, agricultural lending), treasury management (ACH origination, wire, lockbox, positive pay, remote deposit capture), merchant services (via Celero Commerce / Clover POS), and investment and trust services delivered through a long-standing partnership with LPL Financial plus an in-house LCNB Wealth trust department.

Underpinning the platform is a Banno-powered digital banking experience with iOS and Android mobile apps, online account opening, Zelle P2P payments, and Autobooks invoicing — but the core go-to-market remains physical branch-led relationship banking supported by ~40 named loan officers, mortgage loan officers, regional sales & relationship managers, and dedicated ag/commercial/wealth specialists in each region. Revenue is generated through traditional net interest income on loans and deposits, fee income from treasury management, merchant services, and wealth/investment advisory services routed through LCNB Investment Services and LCNB Wealth subsidiaries.

Name

LCNB National Bank

Legal name

LCNB National Bank

Website

https://lcnb.com

Company type

Public

Founded year

1877

Operating status

Operating

Headcount range

251–500 employees

Short description

LCNB National Bank is an Ohio-based community bank (founded 1877, NASDAQ: LCNB) providing personal, commercial, agricultural, and wealth management banking services through 35+ branches across the Cincinnati, Dayton, and Columbus regions, with investment services via LPL Financial.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)

akta.pro secondary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Community banking
• Commercial lending
• Wealth management
• Trust services
• Investment advisory

Headquarters

HQ city

Lebanon

HQ country

United States

HQ region

North America

Offices34 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including mortgages, commercial loans, consumer loans, and agricultural lending
2. Investment Services: Securities and advisory services offered through LPL Financial partnership including stocks, mutual funds, annuities, bonds, IRAs, 401(k)s, and insurance products
3. Trust Services: Fiduciary services including personal portfolio management, estate settlement administration, endowment and charitable trust management
4. Commercial Banking Fees: Business checking, commercial real estate loans, construction loans, business lines of credit, equipment financing
5. Treasury Management: Cash management services including ACH origination, wire transfers, lockbox, merchant services
6. Deposit Products: Personal and business deposit accounts including checking, savings, CDs, money market accounts

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

LCNB National Bank is an Ohio-based community bank providing personal banking (checking, savings, CDs, mortgages, consumer loans), commercial banking (commercial real estate, construction loans, business lines of credit, equipment financing, agricultural lending), treasury management, merchant services, and wealth management through its LCNB Investment Services division (powered by LPL Financial) and LCNB Wealth trust services. Operations are delivered through a 35+ branch network across Cincinnati, Dayton, and Columbus regions supplemented by online and mobile banking.

Product overview

LCNB National Bank offers a comprehensive community banking platform with personal and commercial banking products, investment services through LPL Financial partnership, and trust services. The personal banking suite includes multiple checking account variants (Simply Checking, Kasasa Cash, Kasasa Cash Back, Student Checking, Second Chance Checking), savings products (Certificates of Deposit, Kasasa Saver, Statement Savings, Money Market), credit cards, and loan products (mortgages, home equity, consumer loans). The business banking division provides various commercial checking accounts, commercial real estate and construction loans, business equipment financing, agricultural lending, and cash management tools including treasury management, merchant services, and Autobooks integration. The investment services division (LCNB Investment Services) offers stocks, mutual funds, UITs, annuities, bonds, brokered CDs, and 529 plans through the LPL Financial platform, while LCNB Wealth provides trust services, portfolio management, estate settlement, and charitable trust management. The product architecture follows a unified banking platform model with specialized divisions for investment and wealth management services.

Differentiator

Problem solved

Functional benefit

Brands

• LCNB Investment Services: Securities and advisory services offered through LPL Financial, providing investment management, retirement planning, insurance, and wealth transfer services.
• LCNB Wealth

Products and services

• Personal Checking Accounts Suite of personal checking account options including LCNB Simply Checking, Kasasa Cash, Kasasa Cash Back, Student Checking, and Second Chance Checking for individual consumer banking needs.
• Personal Savings Products Personal savings offerings including Kasasa Saver, Statement Savings, Money Market, Certificates of Deposit (CDs), Ohio Homebuyer Plus, UTMA Savings, and Club Accounts.
• Mortgage and Refinancing Home purchase and refinancing mortgage loan products with various term options offered to individual consumers and managed by dedicated Mortgage Loan Officers across Ohio branches.
• Home Equity Lines and Loans Credit lines and loans secured by home equity for personal borrowing needs.
• Consumer Loans Car, RV, and personal loans for individual borrowers subject to credit approval.
• Business Checking Accounts Small Business Checking, Corporate Checking, Interest Business Checking, Non-Profit Checking, and Non-Profit Limited Checking accounts tailored for businesses.
• Business Savings Products Business Savings and Business Money Market accounts for commercial deposit needs.
• Commercial Real Estate Loans Financing for commercial property acquisition, development, and refinancing for business customers.
• Commercial Construction Loans Construction financing for commercial projects with single-close option.
• Business Lines of Credit Revolving credit facility for business operational needs and flexibility.
• Business Equipment Financing Financing solutions for business equipment purchases with flexible terms.
• Agricultural Lending Specialized lending for agricultural operations including agricultural real estate, operating loans, and equipment loans.
• Treasury Management Cash management tools including ACH origination, wire transfers, lockbox services, positive pay, remote deposit capture, and commercial deposits for business customers.
• Merchant Services Payment processing solutions via Celero Commerce partnership, including Clover POS systems, virtual terminals, online payments, and acceptance of credit cards, debit cards, Apple Pay, Google Pay, and contactless EMV payments.
• LCNB Investment Services Investment services powered by LPL Financial offering stocks, mutual funds, UITs, annuities, bonds, brokered CDs, 529 plans, and IRA accounts.
• Guided Wealth Portfolio Online portfolio management service combining algorithmic investment recommendations with advisor support through the LPL Financial platform.
• Insurance Products Life insurance, disability insurance, long-term care insurance, and annuities offered through LPL Financial for income replacement, estate planning, and retirement protection.
• LCNB Wealth Trust Services Fiduciary services including personal portfolio management, estate settlement administration, endowment and charitable trust management, trustee services, and IRA administration through the LCNB Trust Department.
• Retirement Plans Individual Retirement Accounts (Traditional and Roth IRAs) and employer-sponsored 401(k) plans including Standard 401(k), Simple 401(k), 403(b), and Solo 401(k) options.
• Wealth Transfer Services Estate planning services designed to transfer wealth to next generations while minimizing tax burden.

Quantifiable outcome

• 18.57% positive net margins vs industry peers with negative margins
• +1 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• LPL FinancialcoreChannel Partner/ Reseller/ DistributorInvestment services partnership providing securities and advisory services through LPL Financial registered representatives. LPL is a registered investment advisor and broker-dealer (member FINRA/SIPC). LCNB Investment Services referrals are made pursuant to an agreement where LPL pays the financial institution for referrals, creating a conflict of interest disclosed on the website. Services include stocks, mutual funds, annuities, bonds, IRAs, 401(k)s, 529 plans, and insurance products.
• Celero CommercecoreTechnology or IntegrationMerchant services partnership providing payment processing technology including Clover POS systems, virtual terminals, online payment processing, mobile payments, and 24/7 customer support. Enables businesses to accept credit/debit cards, Apple Pay, Google Pay, and contactless EMV payments.
• MastercardcoreTechnology or IntegrationPayment network partnership powering debit and credit card transactions. Cards are FDIC-insured and backed by the full faith and credit of the U.S. Government.
• FinCEN (Beneficial Ownership Reporting)minorOthersCompliance partnership for Corporate Transparency Act beneficial ownership information reporting requirements effective January 1, 2024. LCNB assists business customers in understanding and complying with FinCEN reporting requirements.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Fifth Third Bank: Large regional bank headquartered in Cincinnati, Ohio with extensive Ohio branch network offering commercial, retail, and wealth management services. Directly competes with LCNB across multiple Ohio markets with significantly greater scale and product breadth.
• Huntington Bancshares: Major Ohio-based regional bank with full-service commercial, retail, and wealth management offerings across Ohio markets including Cincinnati, Dayton, and Columbus. Competes directly with LCNB in same geographic footprint with substantially larger scale.
• Heartland Financial USA: Multi-state community banking franchise operating across the Midwest, West, and Southwest. Comparable to LCNB in community banking philosophy but operates at significantly greater scale across multiple states.

Direct peers

• First Financial Bancorp: Ohio-based community bank with similar size and business model providing commercial and retail banking services across Ohio and Indiana markets. Highly comparable to LCNB in scale, geographic focus, and product offerings.
• Park National Corp: Ohio-headquartered community bank holding company operating across Ohio and surrounding states with community banking model similar to LCNB. Comparable in scale, customer segments, and branch-based relationship banking approach.
• Peoples Bancorp: Ohio-based community bank holding company serving Ohio, West Virginia, and Kentucky markets with commercial and retail banking services. Similar size and operating model to LCNB with overlapping geographic footprint.
• Civista Bancshares: Ohio-based community bank holding company with similar scale and business model serving Ohio and Indiana markets. Highly comparable in customer segments, product offerings, and community banking approach.
• Independent Bank Corp: Massachusetts-based community bank holding company with similar size and community banking focus. Comparable in scale, business model, and customer segments despite different geographic market.
• WesBanco: West Virginia-based community bank holding company with branches across Ohio, Pennsylvania, and West Virginia. Comparable to LCNB in scale, community banking model, and product offerings with geographic overlap in Ohio markets.

Regional players

• S&T Bancorp: Pennsylvania-based community bank with similar size and community banking model. While operating in different geography, comparable in scale, product mix, and customer segments to LCNB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LCNBNationalBank
• LinkedInlinkedin.com/company/lcnb-national-bank
• Instagraminstagram.com/lcnbnationalbank
• Xx.com/lcnbnatbank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LCNB National Bank