
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
Lyons Bancorp to Issue Subordinated Notes
Published September 30, 2020 485 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 563 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 595 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 408 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 483 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 488 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 451 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 462 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 463 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 442 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 461 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 581 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 470 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 436 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 648 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 440 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 475 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 519 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 415 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 460 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 550 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 476 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...
Lyons Bancorp Reports 16% Increase in Earnings
Published July 3, 2019 436 Views
Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported net after-tax income for the first six months of 2019 was $5.1 million, an increase of 16% over the same period in 2018. On a per share basis, earnings were $1.54 fully diluted versus $1.33 last year. On a year...
LNB Earns National Recognition for Providing Mortgages for Low-to-Moderate Income Home Buyers; Congratulations to our Loan Officers for Home Possible Excellence
Published June 14, 2019 547 Views
Geneva, NY, June 14, 2019 -- Freddie Mac (OTCQB: FMCC) recently announced the winners of its Home Possible RISE AwardsSM. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac's top clients across multiple categories for excellence with Home Possible® mortg...
NOEL JOINS LNB’S CLYDE BRANCH
Published April 16, 2019 576 Views
The Lyons National Bank (LNB) is pleased to announce the appointment of Greg Noel as its branch manager for the Clyde office located on 4 Williams Street.A resident of the Finger Lakes, Noel joins the office with 15 years of banking experience, most recently serving as the branch manager of Key Bank...
Lyons Bancorp Reports 15% Increase in Earnings
Published April 10, 2019 476 Views
Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported a 15% increase in first quarter 2019 net after-tax income as compared to the same period in 2018. For the first three months, the Bank earned $2.48 million or $0.75 per diluted share, compared to $2.16 million...
David J. DeRaddo Earns Chartered Financial Consultant (ChFC®) Designation, Financial Planning’s Highest Standard
Published April 10, 2019 556 Views
David J. DeRaddo, CFP®, has earned the Chartered Financial Consultant (ChFC®) professional designation from the American College of Financial Services, Bryn Mawr, PA. Candidates for the ChFC® designation must complete a minimum of eight college-level courses and fulfill stringent experience and eth...
PORTER JOINS AUBURN GRANT AVE BRANCH
Published March 21, 2019 481 Views
LYONS, NY: The Lyons National Bank (LNB) recently welcomed Callie M. Porter to its Auburn Grant Ave office customer support team.As a customer service representative, Porter will be responsible for exceeding the expectations of our customers by providing outstanding service and supporting the sales...
Lyons Bancorp among the 50 Best Performing Companies on the OTCQX Market
Published March 18, 2019 425 Views
Officials from the Over-the-Counter Quality Markets (OTCQX) reported that for 2018 Lyons Bancorp, Inc. a financial holding company and parent of The Lyons National Bank was among the 50 best performing companies listed on the exchange based on total return and growth in average daily volume. "Inclus...
Lyons Bancorp Declares Preferred and Common Stock Dividends
Published March 6, 2019 481 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 its quarterly dividend on both its convertible preferred and common stock. The dividend on its 5% convertible preferred will be paid on March 15, 2019...