LCNB Corp. Announces the Retirement of Matthew P. Layer EVP and Chief Lending Officer
Layer to retire on September 30,2024
Jeff D. Meeker, LCNB’s current SVP and ChiefCredit Officer, to assume the EVP and Chief Lending OfficerRole
LCNB Corp. (“LCNB”) (Nasdaq: LCNB) today announced that MatthewP. Layer, EVP and Chief Lending Officer, will retire from theCompany effective September 30, 2024. As part of the Company’sestablished succession plan, Jeff D. Meeker, LCNB’s current SVP andChief Credit Officer, will assume the role of EVP and Chief LendingOfficer at September 30, 2024.
“On behalf of everyone at LCNB, I want to thank Matt for hisyears of dedication and service. Matt joined LCNB in 1982 and hasbeen an important part of LCNB’s success and growth over the past42 years. During this period, LCNB’s loan portfolio has grown from$31 million to over $1.6 billion at March 31, 2024. During histenure at LCNB, Matt cultivated a credit culture focused onmaintaining excellent asset quality and prudent underwritingstandards. Matt has been a trusted advisor and partner to the Bank.He has been a mentor to many of LCNB’s team members and alwaysshowed an interest in helping others succeed. I wish him all thebest in his well-deserved retirement,” said Eric J. Meilstrup,LCNB’s President and Chief Executive Officer.
Jeff D. Meeker to Assume EVP and Chief Lending OfficerRole
Meeker joined LCNB in 2013 through the acquisition of CitizensNational Bank, and he has 38 years of banking experience. SinceSeptember 2021, Meeker has served as LCNB’s Senior Vice President& Chief Credit Officer overseeing the Bank’s commercial,residential, consumer and agricultural lending areas. In January2021, he was appointed LCNB’s Head of Loan Operations. Prior to2021, Meeker held additional positions of increasing responsibilityin the Bank’s lending areas. Prior to joining LCNB, Meeker was theCFO of the Citizens National Bank of Chillicothe and was the CEOand President of Clarksburg National Bank. Meeker is a graduate ofWilmington College (Ohio).
Mr. Meilstrup continued, “Reflective of LCNB’s establishedsuccession plan and deep bench of talent, I am pleased to announcethat Jeff Meeker will assume the EVP and Chief Lending Officerrole. As LCNB’s current Chief Credit Officer, the former CEO andpresident of Clarksburg National Bank, and the former CFO ofCitizens National Bank of Chillicothe, Jeff is a proven banker andleader with a record of lending experience well aligned with LCNB’svalue-driven credit culture. Jeff and Matt have worked closelytogether over the past 11 years, and Jeff brings a strong knowledgeof LCNB’s markets, while continuing our strong lending culture andprudent focus on maintaining excellent asset quality. I lookforward to Jeff’s additional responsibilities and contributions asa member of LCNB’s executive team.”
About LCNB Corp.
LCNB Corp. is a financial holding company headquartered inLebanon, Ohio. Through its subsidiary, LCNB National Bank (the“Bank”), it serves customers and communities in Southwest andSouth-Central Ohio and Northern Kentucky. A financial institutionwith a long tradition for building strong relationships withcustomers and communities, the Bank offers convenient bankinglocations in Butler, Clermont, Clinton, Fayette, Franklin,Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. TheBank also provides community-oriented banking services to customersin Northern Kentucky through a bank office in Boone County,Kentucky. The Bank continually strives to exceed customerexpectations and provides an array of services for all personal andbusiness banking needs including checking, savings, online banking,personal lending, business lending, agricultural lending, businesssupport, deposit and treasury, investment services, trust and IRAsand stock purchases. LCNB Corp. common shares are traded on theNASDAQ Capital Market Exchange® under the symbol “LCNB.” Learn moreabout LCNB Corp. at www.lcnb.com.
Safe Harbor Statement:
Statements made in this news release that are not historicalfacts are “forward-looking statements” within the meaning ofSection 27A of the Securities Act of 1933, as amended, Section 21Eof the Securities Exchange Act of 1934, as amended, and the PrivateSecurities Litigation Reform Act of 1995. These statements aresubject to certain risks and uncertainties including, but notlimited to, adverse changes in economic conditions; the impact ofcompetitive products and pricing; and other risks anduncertainties, including those set forth in LCNB’s Annual Report onForm 10-K for the year ended December 31, 2023, as well as itsother filings with the SEC. As a result, actual results may differmaterially from the forward-looking statements in this newsrelease.
LCNB encourages readers of this news release to understandforward-looking statements to be strategic objectives rather thanabsolute targets of future performance. LCNB undertakes noobligation to update these forward-looking statements to reflectevents or circ*mstances after the date of this news release or toreflect the occurrence of unanticipated events, except as requiredby applicable legal requirements. Copies of documents filed by LCNBwith the SEC are available free of charge at the SEC’s website atwww.sec.gov and/or from LCNB’s website.
View sourceversion on businesswire.com: https://www.businesswire.com/news/home/20240717646681/en/
Company Contact:
Eric J. Meilstrup
President and Chief Executive Officer
LCNB National Bank
(513) 932-1414
Shareholderrelations@lcnb.com
Investor and Media Contact:
Andrew M. Berger
Managing Director
SM Berger & Company, Inc.
(216) 464-6400
andrew@smberger.com
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