|
|
Article: LCNB Corp. Redeems All Preferred Stock Issued Under the U.S. Treasury's Capital Purchase Program.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LCNB Corp. (OTCCB: LCNB) is pleased to announce that it has redeemed all 13,400 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, sold to the U.S. Department of the Treasury on January 9, 2009 in connection with the Treasury Department's Capital Purchase Program (CPP). Under the CPP, the Treasury Department also received a warrant to purchase 217,063 shares of the Company's common stock with an exercise price of $9.26 per share.
LCNB Corp. paid approximately $13.5 million to the Treasury Department to redeem the Preferred Stock, which includes the original investment amount of $13.4 million plus accrued and unpaid dividends of approximately ...
Related newspaper, magazine, and journal articles:
|
|
Article: LCNB Corp. Reports Earnings for the Three Months ...
Business Wire;
April 15, 2005 ;
700+ words
...LEBANON, Ohio -- LCNB Corp. (OTCBB:LCNB) today announced ... certificate of deposit accounts. LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Affiliates of LCNB Corp. are Lebanon Citizens National Bank ...
|
|