LCNB Corp. Acquires Eagle Financial Bancorp, Inc.
November 29, 2023
LCNB Corp. (the holding company for LCNB National Bank) agreed to acquire Eagle Financial Bancorp, Inc. (the holding company for EAGLE.bank) in a stock-and-cash merger that will expand LCNB's presence in the Cincinnati market. EFBI operates three full-service banking offices and reported $175.8 million in assets and $135.0 million in deposits as of September 30, 2023; the deal is expected to close in Q2 2024 and to be accretive to earnings with a tangible book value earn-back of approximately 2.1 years.
- Buyers
- LCNB Corp.
- Targets
- Eagle Financial Bancorp, Inc. (EAGLE.bank)
- Sellers
- Shareholders of Eagle Financial Bancorp, Inc.
- Industry
- Financial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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