LCNB Corp. of Lebanon, Ohio, announced Tuesday that it has agreed to buy Sycamore National Bank in Cincinnati for $9.7 million in cash and stock.
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The acquisition would move Lebanon-Citizens National Bank into the Cincinnati market, where Sycamore has two branches and assets of $50 million. Lebanon-Citizens, which has assets of about $540 million, has an 18-branch network north and east of Cincinnati.
The deal is expected to close near yearend and to be accretive to LCNB's earnings in 2008.
