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Published on 12/17/2013 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

LNB Bancorp to redeem all $9.15 million series B preferreds on Jan. 17

By Angela McDaniels

Tacoma, Wash., Dec. 17 - LNB Bancorp, Inc. will redeem its $9,147,000 of series B cumulative perpetual preferred stock in full on Jan. 17, according to an 8-K filing with the Securities and Exchange Commission.

The company will pay par plus accrued dividends.

LNB Bancorp is based in Lorain, Ohio. It is the bank holding company for Lorain National Bank.


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