LCNB Corp. , the holding company for LCNB National Bank, and Cincinnati Bancorp, Inc. , the holding company for Cincinnati Federal, announced today that they have signed a definitive merger. | May 18, 2023
LCNB Corp (LCNB) to Acquire Cincinnati Bancorp, Inc streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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Share amounts related to the periods prior to January 22, 2020 closing of the conversion offering have been restated to give retroactive recognition to the 1.6351 exchange ratio applied in the conversion offering.
The full text of the corrected release is a follows:
CINCINNATI, Ohio Cincinnati Bancorp, Inc. ( Cincinnati Bancorp ) (NASDAQ: CNNB) today reported net income for the year ended December 31, 2020 of $3,155,700, compared to $798,500 for 2019, or an increase of 295.2%. Earnings per basic and diluted share for the year ended December 31, 2020 were $1.14 for basic and $1.12 for diluted, compared to $0.28 for basic and $0.27 for diluted for 2019.
Cincinnati Bancorp Chief Executive Officer Robert Bedinghaus said, Cincinnati Bancorp s record 2020 earnings were a result of the dedication of our entire staff as well as the loyalty of our customers and community partners. The closing of our second-step stock offering in January 2020, our lending focus on the reside
Cincinnati Bancorp, Inc Reports Financial Results For The Year Ended December 31, 2020 (CORRECTED) prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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CINCINNATI, Feb. 10, 2021 /PRNewswire/ Cincinnati Bancorp, Inc. ( Cincinnati Bancorp ) (NASDAQ: CNNB) today reported net income for the year ended December 31, 2020 of $3,155,700, compared to $798,500 for 2019, or an increase of 295.2%. Earnings per basic and diluted share for the year ended December 31, 2020 were $1.09 for basic and $1.07 for diluted, compared to $0.28 for basic and $0.27 for diluted for 2019.
Cincinnati Bancorp Chief Executive Officer Robert Bedinghaus said, Cincinnati Bancorp s record 2020 earnings were a result of the dedication of our entire staff as well as the loyalty of our customers and community partners. The closing of our second-step stock offering in January 2020, our lending focus on the residential and commercial real estate markets, and a concentrated effort to reshape our balance sheet to enhance future earnings, all combined to drive earnings to this level, even in the face of the COVID pandemic.