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EX-99.1 - EXHIBIT 99.1 - LNB BANCORP INCa50515845ex99-1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  December 24, 2012

LNB BANCORP, INC.

(Exact name of registrant as specified in its charter)

Ohio

0-13203

34-1406303

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

457 Broadway, Lorain, Ohio

 

44052-1769

(Address of principal executive offices)

  (Zip Code)

Registrant’s telephone number, including area code: (440) 244-6000

 

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


ITEM 8.01 OTHER EVENTS.

    Lorain, Ohio – LNB Bancorp, Inc. (NASDAQ: LNBB) announced on December 24, 2012, that it has completed the repurchase of $6.3 million in par value, or approximately 25% of the outstanding shares, of its Fixed Rate Cumulative Perpetual Preferred Stock, Series B, $1,000 per share liquidation preference (“Series B Preferred Stock”) in exchange for cash at a price representing a discount to par value. A copy of the press release is attached as Exhibit 99.1


Item 9.01.          Financial Statements and Exhibits.

(d)   Exhibits.

Exhibit No.

Description

 
99.1

Press Release, dated as of December 24, 2012


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

LNB BANCORP, INC.

 

(Registrant)

 
 
Date:

December 24, 2012

 

By: /s/ Gary J. Elek        

Gary J. Elek

Chief Financial Officer