News & Articles
At LNB, we value our customers and want to keep you up-to-date on everything that is happening at our various hometown offices! Check out our articles and news to learn all about what's new with us.
Tools & Tech
Paycheck Protection Program Second Draw
Published January 15, 2021 126 Views
LNB will begin accepting Second Draw PPP Applications on Tuesday, January 19, 2021. This summary provides a list of the required documentation needed prior to submitting your application, to ensure timely processing. To be eligible to receive a Second Draw Loan, your business must have a 25% reduct...
LNB ANNOUNCES TWO PROMOTIONS TO BRANCH MANAGER
Published December 7, 2020 162 Views
The Lyons National Bank (LNB) recently promoted Allison Verkey to branch manager at LNB's Clyde office and Carrie Vincent to branch manager of the Jordan office.Verkey joined LNB in 2013 and most recently held the position of assistant branch manager of the Clyde office. She was awarded LNB's Breakt...
LNB Loves Local
Published November 25, 2020 147 Views
As your hometown bank, we care about the people, businesses, and organizations that make the communities we serve so great. While LNB has long been committed to shopping, dining, and supporting locally-owned and operated businesses, now, more than ever, they need our support. Customer Feature - F...
Lyons Bancorp Completes Subordinated Debt Issuance
Published October 28, 2020 146 Views
Lyons, New York, October 28, 2020. Lyons Bancorp, Inc. (OTCQX:LYBC) ), the parent financial holding company for The Lyons National Bank, today reported that on October 23, 2020, it successfully completed the sale of approximately $16 million of subordinated promissory notes to accredited investors....
LNB Promotes Kelsey Journell to Branch Manager in Geneva
Published October 27, 2020 203 Views
The Lyons National Bank (LNB) recently promoted Kelsey Journell to banking officer and branch manager of its Geneva office. Journell joined the Geneva branch staff in 2013 and most recently held the position of assistant branch manager. In her new role, she will be responsible for branch production...
LNB Names Charles Parkhurst and Angelo Battoglia to Lead the LNB Farmington Team
Published October 22, 2020 170 Views
LNB (Lyons National Bank) is excited to announce Charles Parkhurst as branch manager and Angelo Battoglia as assistant branch manager of LNB's new Farmington office, the Bank's sixteenth location, third in Ontario County. "We are excited about the dynamic team in place at LNB Farmington," said Tom...
Lyons Bancorp Reports Slightly Higher Third Quarter Earnings
Published October 13, 2020 140 Views
Lyons Bancorp, Inc., the parent company of The Lyons National Bank (LNB), reported a slight increase in third quarter earnings. For the three months ended September 30, 2020, the Bank earned $0.82 per common share versus the $0.81 per common share it reported for the same three months last year. The...
Update to PPP Loan Recipients on Loan Forgiveness Submissions
Published October 9, 2020 160 Views
SBA is currently processing Loan Forgiveness submissions. We encourage you to submit your Loan Forgiveness applications as soon as your loan proceeds have been exhausted. Please submit your SBA Forgiveness Application and required supporting documentation as outlined in the application instructions...
Lyons Bancorp to Issue Subordinated Notes
Published September 30, 2020 139 Views
The Board of Directors of Lyons Bancorp, Inc., the parent company of The Lyons National Bank, has authorized the issuance of up to $15 million, seven-year fixed rate subordinated promissory notes to accredited investors. The notes will pay an interest rate of 4.25% through December 31, 2025, then 4....
LNB to Celebrate the Opening of New Farmington Office
Published September 9, 2020 165 Views
LNB (Lyons National Bank) is excited to announce that it has officially opened its Farmington office, the Bank's sixteenth location, third in Ontario County. The Bank invites the community to celebrate the new office on Saturday, September 12. "With our new full-service office, LNB is excited to be...
LNB Promotes Tara Rago and Appoints Her Branch Manager of LNB Canandaigua
Published September 4, 2020 171 Views
LNB (Lyons National Bank) is excited to announce that Tara Rago has been promoted to vice president and appointed branch manager of LNB's Canandaigua office, located in Roseland Plaza.Rago, a member of the LNB team since 2006, most recently served as assistant vice president and branch manager of LN...
Lyons Bancorp Board Declares Preferred and Common Stock Dividends
Published September 3, 2020 119 Views
At its recent meeting, the Board of Directors of Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank, declared the Company's quarterly cash dividend on both its preferred and common stock. The Board declared the regular quarterly dividend on the Company's 5.00% cumul...
Update for Paycheck Protection Program Loan Recipients
Published August 10, 2020 172 Views
The Small Business Administration is now accepting PPP Forgiveness Applications from lenders and has provided two applications for forgiveness. Many small businesses will be eligible to apply using the simplified application on SBA Form 3508EZ. If your business does not meet one of the three qualifi...
Lyons Bancorp Reports Mid-Year Earnings; Maintains Conservative Strategy to Increase Reserves amid Pandemic Conditions
Published July 9, 2020 150 Views
Lyons Bancorp, Inc., the parent company of The Lyons National Bank (LNB), added an additional $2.5 million in reserves to its Allowance for Loan and Lease Loss account in the second quarter as a precautionary measure due to the coronavirus pandemic. This is in addition to the $1 million it set aside...
Lyons Bancorp to Hold Virtual Annual Shareholder Meeting
Published June 11, 2020 130 Views
Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, announced that it will host its 2020 annual meeting of shareholders virtually due to government mandated social-distancing restriction during the coronavirus pandemic.The annual meeting will be held via live...
Lyons Bancorp Declares Common Stock Dividends
Published June 11, 2020 128 Views
At its meeting on June 10, 2020, the Board of Directors of Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, declared a $0.31 quarterly cash dividend on its common stock, payable on July 15, 2020, to all common stock shareholders of record at the close of bu...
Bank Lobbies Reopen June 1
Published May 28, 2020 125 Views
LNB has been here for our customers and the communities we serve for over 165 years, and we continue that effort now more than ever before. We're happy to welcome the public back to our bank lobbies on Monday, June 1. We've missed you. We want to thank all of our LNB employees for their tireless ef...
May 29 Deadline to Submit Paycheck Protection Program Applications to LNB
Published May 20, 2020 123 Views
The deadline to submit Paycheck Protection Program (PPP) applications to LNB is Friday, May 29. Please contact your local branch office for additional details. LNB has been proud to partner with the Small Business Administration (SBA) to help local small businesses get funding through the Paycheck...
A Message to You from LNB's Leaders
Published March 30, 2020 151 Views
First and foremost, we hope that this message finds you well and that you are taking all necessary precautions to stay that way. The interruption to daily routines is a challenge for us all. As a Bank with the motto, "It's all about people," we thrive on personal customer interaction. Although that...
COVID-19 Update Regarding Branch Operations
Published March 20, 2020 185 Views
We continue to monitor and respond to information from the nation's top health advisors, placing our employees and customers at the center of everything we do. As we have all heard, social distancing will play an important role in minimizing the spread of the coronavirus, so in addition to the measu...
Coronavirus (COVID-19) LNB Response and Readiness Plan
Published March 18, 2020 135 Views
There is no higher priority for LNB than the health and well-being of our employees and our customers. We are monitoring the evolving situation surrounding the Coronavirus (COVID-19) that includes guidance from entities such as The World Health Organization (WHO) and The Centers for Disease Control...
Lyons Bancorp Board Declares Common Stock Dividends
Published February 26, 2020 129 Views
At recent meetings, the Board of Directors of Lyons Bancorp, Inc., the financial holding company and the parent of The Lyons National Bank, declared the Company's quarterly cash dividend on both its preferred and common stock. The Board declared the regular quarterly dividend on the Company's 5.00%...
LNB Announces Recent Promotions
Published February 20, 2020 187 Views
The Lyons National Bank (LNB) recently recognized eight employees who have excelled in their respective positions in 2019. "The drive and commitment exhibited by these individuals coupled with their additional responsibilities this year made them exceptional candidates for promotion," said Tom Kime,...
Lyons Bancorp Earnings Continue at Record Pace
Published January 31, 2020 143 Views
For the 23rd consecutive year, Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported record earnings. The Company's 2019 operating earnings per common share were $3.22, a 6.3% increase over the $3.03 per share it earned in 2018. The Company sadly recognized one-tim...
LNB Breaks Ground on New Farmington Location
Published December 11, 2019 149 Views
LNB (The Lyons National Bank) is excited to announce that it has officially broken ground on its new Farmington location---LNB's third in Ontario County, sixteenth total. "LNB has been doing business in Farmington for years, and we're excited to bring a full-service office to the community," said Th...
Lyons Bancorp Declares Stock Dividends
Published November 21, 2019 136 Views
At its recent meeting, the Board of Directors of Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, declared the Company's quarterly cash dividend on both its preferred and common stock. The Bank's Board declared the regular quarterly dividend on the Company'...
Lyons Bancorp Reports 12% Increase in Earnings
Published October 15, 2019 115 Views
Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported that net after-tax income for the first nine months of 2019 was $7.8 million, an increase of almost 12% over the same period in 2018. On a per share basis, earnings were $2.35 fully diluted versus $2.10 last yea...
Remembering Our Friend and Teammate, Phillip McCann
Published September 25, 2019 143 Views
With heavy hearts, we announce the sudden passing on Saturday, September 21, 2019, of our dear friend and colleague, Phil McCann. Phil joined The Lyons National Bank (LNB) in June of 2009 and served as Executive Vice President and Chief Risk Officer. In his decade of service with LNB, Phil was respo...
FINANCIAL ADVISOR KIM EMPERATO CHAMPIONS TECHNOLOGY ADOPTION AT NATIONAL INDUSTRY CONFERENCE
Published September 6, 2019 146 Views
Auburn, New York --- August 26, 2019 --- Kim Emperato, CRPC® of LNB Financial Services located at The Lyons National Bank, recently attended LPL Financial's Focus 2019 conference, one of the financial advice industry's premier events and the largest annual conference hosted by LPL. During the confer...
Lyons Bancorp Increases Common Stock Dividends
Published August 21, 2019 123 Views
At its recent meeting, the Board of Directors of Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, approved an increase in the Company's annual common stock cash dividend to $1.24 from $1.20. This is the 22nd consecutive year that the Bank's common stock div...