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New Deal


Announced

Completed

LCNB completed the acquisition of Eagle Financial.

Financials

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Transaction Value-
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Single Bidder

Banks

Acquisition

Public

Majority

Domestic

bank

United States

Completed

Synopsis

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LCNB, a financial holding company, completed the acquisition of Eagle Financial, a bank. Financial terms were not disclosed. “We are excited to complete the Eagle transaction following the November 2023 acquisition of Cincinnati Federal. As a result of these two transactions, LCNB has created a premier community banking institution across attractive Southwestern Ohio and Northern Kentucky markets. We are proud to bring LCNB’s community-focused financial products and resources, including trust and wealth management solutions, to more customers in the greater-Cincinnati region. Eagle operated from three locations, had approximately $137m in deposits and approximately $141m in total loans. On behalf of everyone at the Bank, I want to welcome Eagle’s customers, employees, and shareholders to LCNB,” Eric Meilstrup, LCNB President and CEO.

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