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LNB Bancorp Inc. (LNBB)

12.15 Jul 23, 3:15PM EDT
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LNB Bancorp Inc.
457 Broadway
Lorain, OH 44052
United States - Map
Phone: 440-244-6000

Index Membership:N/A
Industry:Regional - Midwest Banks
Full Time Employees:267

Business Summary 

LNB Bancorp, Inc. operates as the holding company for The Lorain National Bank that provides personal banking, mortgage and commercial banking, investment management, trust, and title insurance services. The company accepts various transaction and time deposit accounts, including interest and noninterest-bearing checking accounts, savings accounts, and time deposits. It also provides commercial and industrial loans, commercial real estate loans, construction and equipment loans, letters of credit, revolving lines of credit, small business administration loans, and government guaranteed loans; and residential mortgages, automobile and personal loans, indirect automobile loans, second mortgages, and home equity lines of credit, as well as indirect lending services to new and used automobile dealerships located in Ohio, Kentucky, Indiana, North Carolina, Tennessee, and Georgia. In addition, the company offers safe deposit boxes, night depository, U.S. savings bonds, travelersÂ’ checks, money orders, cashiers checks, automated teller machines (ATMs), debit cards, wire transfers, electronic funds transfers, and foreign drafts, as well as foreign currency, phone and Internet banking, lockbox, and other services. As of May 21, 2013, it operated through 20 retail-banking locations and 28 ATMs in Lorain, eastern Erie, western Cuyahoga, and Summit counties. The company was founded in 1905 and is headquartered in Lorain, Ohio.

Key Statistics

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Key Executives 
Mr. Daniel E. Klimas , 55
Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Chief Exec. Officer of Lorain National Bank and Pres of Lorain National Bank
Mr. Gary J. Elek , 62
Chief Financial Officer, Principal Accounting Officer and Exec. VP
Dr. Frank A. Soltis , 61
Chief Information Officer and Sr. VP
Ms. Mary E. Miles , 55
Sr. VP and Director of HR, Professional Devel. & Security
Mr. Kevin W. Nelson , 50
Sr. VP, Director of Indirect Lending and Director of Indirect Lending - The Lorain National Bank
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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