
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.
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David J. DeRaddo Earns Chartered Financial Consultant (ChFC®) Designation, Financial Planning’s Highest Standard
Published April 10, 2019
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
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
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
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...
Lyons Bancorp Reports 25% Increase in Annual Earnings
Published February 5, 2019
For the 22nd consecutive year, Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported higher net after-tax income. For 2018, the Bank earned $9.9 million, an increase from $7.8 million it earned in 2017. On a per common share fully diluted basis, 2018 earnings wer...
Bartolotta Appointed to Lyons Bancorp Board
Published February 1, 2019
The Board of Directors of Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, appointed Joseph P. Bartolotta, Esq. as its newest director at their November meeting. Along with serving on the board of the holding company, Bartolotta is also a director of The Lyons National...
Colaruotolo Appointed to Lyons Bancorp Board
Published October 29, 2018
The Board of Directors of Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, appointed John A. Colaruotolo as its newest director at their October meeting. Along with serving on the board of the holding company, Colaruotolo is also a director of The Lyons National Bank a...
Lyons Bancorp’s Success Attributed to WOW! Culture
Published October 12, 2018
"A multi-decade string of strong annual financial results of Lyons Bancorp, Inc. can be traced directly to the WOW! culture of its bank subsidiary, The Lyons National Bank (LNB)," said Robert Schick, CEO and Chairman of the Board at LNB. "Its culture is one that rivets each employee to an unwavering...
Lyons Bancorp Reports 17% Increase in Third Quarter Earnings
Published October 12, 2018
Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported a 17% increase in 3rd quarter 2018 earnings as compared to the same period in 2017. On a per share basis, the Company earned $0.77, fully diluted, versus $0.66 per common share last year. As a result, for the fi...
Lyons Bancorp Raises Dividend
Published August 22, 2018
The Board of Directors of Lyons Bancorp, Inc., the parent company of The Lyons National Bank, raised the Company's quarterly common stock cash dividend to $0.30 from $0.27 per share. This dividend will be paid on October 15, 2018, to common stock shareholders of record on the Company's books at the...
Lyons Bancorp to Trade on the OTCQX® Best Market
Published August 16, 2018
Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, has qualified to trade on the OTCQX® Best Market. Lyons Bancorp upgraded to OTCQX from the Pink® market. Effective Wednesday, August 15, Lyons Bancorp will trade on the OTCQX under the symbol "LYBC." U.S. investors can...
Over $10K Awarded in LNB’s Bonus Bucks Program
Published May 30, 2018
As part of LNB's entry into Cayuga County, the Bank outreached to local merchants to join their Bonus Bucks Program. Nearly 60 merchants participated in the Bank's celebration of the community by accepting Bonus Bucks certificates at their businesses. LNB awarded over $10,000 in certificates to luc...
DONNA J. JOHNSON EARNS RETIREMENT INCOME CERTIFIED PROFESSIONAL® (RICP®) DESIGNATION
Published May 1, 2018
Ontario, New York -- May 1, 2018 -- Donna J. Johnson, CFP®, The Lyons National Bank has earned the Retirement Income Certified Professional® (RICP®) professional designation from The American College of Financial Services, Bryn Mawr, PA. Candidates for the RICP® designation must complete a minimum o...
Lyons Bancorp Reports 14% Increase in Earnings
Published April 9, 2018
Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported that net after-tax income for the first quarter of 2018 was $2.16 million, an increase of 14% over the same period in 2017. On a per share basis, earnings were $0.65 fully diluted versus $0.57 last year. Year-...
Lyons Bancorp, Inc. Declares Preferred and Common Stock Dividends
Published March 1, 2018
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 stock will be paid on March 15...
LNB Announces Grand Opening Event
Published February 13, 2018
LNB (The Lyons National Bank) has announced the opening of its second full-service branch in Cayuga County. The grand opening event will take place at 311 Grant Avenue Rd. on Saturday, February 17 from 9:00 a.m. to 2:00 p.m."We want to show our appreciation and commitment to Cayuga County by invitin...
Lyons Bancorp Appoints New Director and Readies Multifaceted Plan to Invest Tax Savings
Published January 30, 2018
Lyons Bancorp Appoints New Director and Readies Multifaceted Plan to Invest Tax Savings The Board of Directors of Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, appointed Teresa Jackson as its newest director. Along with serving on the board of the holding company, J...
Lyons Bancorp, Inc. Declares Second Dividend Increase in 2017
Published November 27, 2017
At its recent meeting held on November 21, 2017, the Board of Directors of Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, increased the institution's quarterly dividend to $0.27 per common share - $1.08 annualized. This is the second time this year the Bo...
Lyons Realty Associates Corporation Declares Annual Dividend
Published November 27, 2017
At its recent meeting held on November 21, 2017, the Board of Directors of Lyons Realty Associates Corp., the real estate investment trust (REIT) of The Lyons National Bank, declared its annual 8.50% preferred stock dividend. The dividend will be paid on December 29, 2017, to all shareholders of rec...
LNB Supports Newark’s Laurel House Initiative
Published November 1, 2017
The Lyons National Bank (LNB) is proud to support the Laurel House -- a comfort care home that will offer palliative care to residents in Wayne County. Robert Schick, Jim Homburger, and Steve Hasseler presented a check to Laurel House Board Members on October 25, as part of a $15,000 pledge from LN...
Waeghe Joins LNB’s Macedon Branch
Published October 11, 2017
The Lyons National Bank (LNB) is pleased to announce that Michele Waeghe has been hired as branch manager for the Macedon office located on NYS Route 31.A resident of Macedon, Waeghe joins the office with 29 years of branch management experience. Most recently serving as the manager of Bank of Ameri...
Lyons Bancorp Reports Increase in Earnings and Change in Holding Company Status
Published October 11, 2017
Lyons Bancorp Reports Increase in Earnings and Change in Holding Company Status Lyons Bancorp, Inc., the financial holding company for The Lyons National Bank, reported net after-tax income for the 2017 third quarter of $2.16 million or $0.66 per common share, an increase of 10% over second quarter...
Information Regarding the Equifax Security Breach
Published September 19, 2017
On September 7th, Equifax reported a cybersecurity breach that could potentially impact over 143 million people whose personal and account information is stored in Equifax databases. In addition, credit card numbers for approximately 209,000 consumers and dispute documents for approximately 182,000...
LNB Breaks Ground At Their New Grant Avenue Office Location
Published August 8, 2017
Auburn, NY: The Lyons National Bank (LNB) celebrated their recent groundbreaking at the site of their new full-service branch at 311 Grant Avenue Road in Auburn, on Thursday, July 6, 2017. Demolition of the old La-Z-Boy furniture building was completed in early June. LNB acknowledged local tradespe...
Lyons Bancorp, Inc. Reports 5.0% Increase in Q2 2017 Earnings
Published July 11, 2017
Lyons Bancorp, Inc. the parent company of The Lyons National Bank, reported net after-tax income of $1.9 million or $0.62 per common share for the three months ended June 30, 2017, a 5% increase from the first quarter of 2017. For the first six months of 2017, earnings were $3.9 million, the same a...
Lyons Bancorp, Inc. Declares Second Quarter Dividend
Published May 24, 2017
The Board of Directors of Lyons Bancorp, Inc., the parent company of The Lyons National Bank, declared second quarter cash dividends for both its convertible preferred and common stock issues. The convertible preferred dividend of $12.50 per thousand dollar certificate will be paid on June 15, 2017...
Auburn Bankers Join New LNB Office
Published May 12, 2017
Two Auburn natives have joined The Lyons National Bank (LNB) in the Bank's first Cayuga County office location at 63 Genesee Street (the former HSBC building). Demetrius Murphy has been appointed vice president and branch manager for Auburn and is currently working from the downtown location. A gra...
LNB Brings Hometown Banking to Auburn
Published April 19, 2017
The Lyons National Bank (LNB) announces the opening of its first of two Cayuga County branch offices in 2017. LNB's downtown office, located at 63 Genesee Street (the former HSBC building), will open on April 24. LNB's downtown office is already staffed with experienced banking professionals, inclu...
Lyons Bancorp, Inc. Reports Increase in Earnings and Balance Sheet Growth
Published April 19, 2017
Lyons Bancorp, Inc., the holding company for The Lyons National Bank, reported that net after-tax income for the first quarter of 2017 was $1.9 million, an increase of 6.2% over the first quarter of 2016. On a per share basis, earnings were $0.59 fully diluted versus $0.56 last year. On average, the...
LNB’s Penn Yan Office Welcomes New Staff
Published March 28, 2017
The Lyons National Bank (LNB) is pleased to announce Jessica L. Mullins has joined the Penn Yan office in the role of branch manager, and Kari DeWick has been hired as mortgage originator. A resident of Penn Yan, Mullins most recently served as the director of program administration and student serv...