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.
Location
Ohio, United States
Transaction Type
Buyout

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