| Business Summary | | LNB
Bancorp,
Inc.
is
a
locally
owned
financial
holding
company
that
operates
the
Lorain
National
Bank
(the
Bank),
a
national
banking
association.
The
Bank
operates
21
retail
branches
and
29
ATMs
in
the
nine
communities
of
Lorain,
Elyria,
Amherst,
Avon
Lake,
LaGrange,
Oberlin,
Olmsted
Township,
Vermilion
and
Westlake.
Lorain
National
Bank
offers
a
full
range
of
bank
products
and
services
while
specializing
in
small
business,
mortgage
and
personal
banking
services,
including
investment
management
and
trust
services.
The
Bank's
commercial
lending
activities
consist
of
commercial
loans,
working
capital
loans,
commercial
mortgage
loans,
construction
loans,
equipment
loans,
equipment
leases,
letter
of
credit,
revolving
line
of
credit,
Small
Business
Administration
loans,
government-guaranteed
loans
and
Federal
Home
Loan
Bank
program
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LNB
Bancorp,
Inc.
is
a
bank
holding
company
for
The
Lorain
National
Bank
of
Lorain,
OH.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
3%
to
$23.2
million.
Net
interest
income
after
loan
loss
provision
rose
less
then
1%
to
$13
million.
Net
income
increased
1%
to
$4.2
million.
Interest
income
reflects
an
increase
in
interest
earning
assets,
partially
offset
by
increased
deposit
expenses.
Net
income
reflects
an
increase
in
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Stanley Pijor, 69 Chairman
LNB Bancorp, Inc. and Lorain National Bank | -- | -- | Gary Smith, 52 Pres,
CEO, Director of the Company and the Bank | $156K | -- | James Kidd, 60 Vice
Chairman of the Company and the Bank | 289K | $13K | Gregory Friedman, 49 CFO,
Exec. VP of the Company and the Bank | 142K | -- | Thomas Ryan, 61 Exec.
VP, Sec.,Treasurer & Director of LNB Bancorp, Exec. VP & Secy., Lorain Na | 165K | 13K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|