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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Lyons Bancorp Reports 20% Increase in Second Quarter 2021 Earnings
Published July 12, 2021 248 Views
Lyons Bancorp, Inc., the parent company of The Lyons National Bank (LNB), reported its second quarter 2021 earnings were $0.92 per common share as compared to $0.77 reported for the same period last year. Substantial balance sheet growth was the main driver of the increase in earnings. Assets on Jun...
Freddie Mac Salutes Home Possible RISE Award® Winners for Outstanding Work With Home Possible® Mortgages for Very Low- to Low-Income Homebuyers
Published May 26, 2021 310 Views
Lyons, NY -- Freddie Mac (OTCQB: FMCC) announced the winners of its Home Possible RISE Awards®. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes Freddie Mac's top clients across multiple categories for excellence with the Home Possible® mortgage -- Freddie Mac's a...
Lyons Bancorp Reports 15% Increase in First Quarter 2021 Earnings
Published April 8, 2021 298 Views
Lyons Bancorp, Inc., the parent company of The Lyons National Bank (LNB), reported that first quarter 2021 earnings were $0.82 per common share as compared to $0.71 that was reported for the same period last year. Substantial balance sheet growth was the main driver of the increase in earnings. Asse...
Sollenne Joins LNB to Oversee Bank Performance Improvement
Published February 22, 2021 309 Views
The Lyons National Bank (LNB) is pleased to announce the addition of Robert W. Sollenne as Senior Vice President, Director of Performance Improvement. In this newly created role, Sollenne will be responsible for managing key areas within the Bank along with initiatives focused on bank performance im...
Lyons Bancorp Aggressively Adds to its Loan Reserve As a Result of Record Revenues
Published February 3, 2021 293 Views
With the uncertainty surrounding the depth of the ultimate financial hardships caused by the COVID-19 pandemic, Lyons Bancorp Inc., the parent financial holding company for The Lyons National Bank aggressively funded its Allowance for Loan Losses in 2020. Record revenues earned by the Company afford...
Paycheck Protection Program Second Draw
Published January 15, 2021 257 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 326 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 325 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 267 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 418 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 382 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 258 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 339 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 310 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 353 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 395 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 237 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 302 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 281 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 279 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 277 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 269 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 278 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 280 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 383 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 296 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 286 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 389 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 270 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 291 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...