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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PINKNEY NAMED LNB COMMUNITY LENDING SPECIALIST
Published March 21, 2023 16 Views
The Lyons National Bank (LNB) recently promoted Caitlin E. Pinkney to Community Lending Specialist.A native of Monroe County, Pinkney brings many years of lending experience to her new role. As Community Lending Specialist, she will be instrumental in coordinating financial literacy and homebuyer ed...
Lyons Bancorp Board Declares Common Stock Dividends
Published March 1, 2023 14 Views
At its recent meeting, the Board of Directors of Lyons Bancorp, Inc., the financial holding company and the parent of The Lyons National Bank, declared a $0.35 quarterly cash dividend on its common stock. The dividend is payable on April 14, 2023, to all common stock shareholders of record at the c...
LNB Announces Officer Promotions
Published March 1, 2023 12 Views
The Lyons National Bank (LNB) recently promoted 11 employees who have excelled in their respective positions. "I am pleased to acknowledge the following individuals for their outstanding performance," said Tom Kime, CEO and president of LNB. "The commitment exhibited by these team member made them e...
Software Update and Holiday Schedule
Published February 17, 2023 11 Views
LNB will be performing a software update on Sunday, February 19, beginning at 8 p.m. EST. It will take approximately two hours to complete. During this time, online and mobile banking transfers will be unavailable. ATM and debit cards will operate as usual. We apologize in advance for the inconvenie...
Strong Growth Propels Lyons 2022 Earnings To Yet Another Record
Published February 14, 2023 11 Views
Strong year-over-year growth in both loans and deposits resulted in Lyons Bancorp, Inc., the parent financial holding company for The Lyons National Bank, reporting another year of record earnings for 2022. Lyons Bancorp earned $17.2 million in 2022, an 11% increase from the $15.5 million reported i...
Lyons Bancorp, Inc. Recognized Worldwide for Top Stock Performance
Published January 19, 2023 12 Views
(Lyons, NY) -- January 18, 2023 - Lyons Bancorp, Inc. (OTCQX: LYBC), the financial holding company for The Lyons National Bank (LNB), has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. This top 50 honor recognizes national as w...
Important Year End 2022 Banking News!
Published December 2, 2022 12 Views
Friday, December 30, 2022, is the last day to post business in 2022. Banking conducted on Saturday, December 31, 2022, will post in 2023. Please plan accordingly, and thank you for your business.
Lyons Bancorp Declares Common Stock Dividend
Published November 22, 2022 12 Views
Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank, declared today its quarterly common stock cash dividend of $0.35 per share. The annualized dividend is $1.40 per common share. The dividend is payable on January 13, 2023, to all common stock shareholders of record...
Lyons Bancorp Reports 23% Increase in Third Quarter 2022 Earnings
Published October 26, 2022 19 Views
Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank (LNB), reported third quarter 2022 earnings of $1.24 per common share as compared to $1.01 per common share reported for the same period last year. On a contiguous quarter basis, earnings per common share were up 7....
Lyons Bancorp Raises Dividend
Published October 26, 2022 13 Views
Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank, announced today that it is raising its quarterly common stock cash dividend to $0.35 from $0.34 per share. The annualized dividend will be $1.40 per common share. The dividend will be paid on October 15, 2022, to c...
Ayers Named Director of Human Resources at LNB
Published October 26, 2022 10 Views
The Lyons National Bank (LNB) is pleased to announce Danielle M. Ayers has been promoted to Director of Human Resources. Ayers joined LNB in 2014 as a specialist in the Human Resources department, and was named a banking officer in 2020.As director, Ayers is responsible for overseeing all functions...
Lyons Bancorp Reports 26% Increase in Second Quarter 2022 Earnings
Published October 26, 2022 20 Views
Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank (LNB), reported second quarter 2022 earnings of $1.16 per common share as compared to $0.92 per common share reported for the same period last year. On a contiguous quarter basis, earnings per common share were up 3...
Lyons Bancorp Board Declares Common Stock Dividend
Published October 26, 2022 12 Views
At its recent meeting held on May 24, 2022, the Board of Directors of Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank, declared a $0.34 quarterly cash dividend on its common stock. The annualized dividend is $1.36 per common share. The dividend is payable on July...
BORSA JOINS COMMERCIAL LENDING TEAM AT LNB
Published October 26, 2022 18 Views
Auburn, NY: The Lyons National Bank (LNB) recently welcomed Todd L. Borsa to its Auburn offices as Assistant Vice President, Commercial Loan Officer.A native of Auburn, N.Y., Borsa brings many years of lending experience to LNB, and will be responsible for business development serving customers in t...
HULLINGS PROMOTED TO ASSISTANT BRANCH MANAGER
Published October 26, 2022 9 Views
PENN YAN, NY: The Lyons National Bank (LNB) recently promoted Johanna Hullings to the role of assistant branch manager at its Penn Yan office. Hullings joined LNB's Penn Yan office in 2016 as a teller and most recently held the position of customer service representative. As assistant branch manager...
LNB Announces Officer Promotions
Published October 24, 2022 13 Views
The Lyons National Bank (LNB) recently promoted seven employees who have excelled in their respective positions. "I am pleased to acknowledge the following individuals for their outstanding performance," said Tom Kime, President and CEO of LNB. "The commitment exhibited by these team member made the...
Sollenne Promoted to Chief Operating Officer
Published February 28, 2022 11 Views
The Lyons National Bank (LNB) is pleased to announce Robert W. Sollenne has recently been promoted to Chief Operating Officer and Senior Vice President. Sollenne joined LNB in 2021 and has been responsible for managing key banking initiatives and departments. A familiar face in the local banking lan...
Lyons Bancorp Again Raises Dividend
Published February 23, 2022 15 Views
Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank, announced today that it is raising its quarterly common stock cash dividend to $0.34 from $0.31 per share. The annualized dividend will be $1.36 per common share. The dividend will be paid on April 15, 2022, to com...
Lyons Bancorp Reports Record Earnings for 2021
Published February 3, 2022 22 Views
As a result of strong year-over-year growth in both assets and the number of new customers who chose LNB to be their bank, and the conservative approach the Company took in 2020 to address the uncertainties of the pandemic, Lyons Bancorp, Inc., the parent financial holding company for The Lyons Nati...
Lyons Bancorp Reports Strong Q3 and Year-to-Date Earnings
Published October 8, 2021 10 Views
Lyons Bancorp, Inc., the parent company of The Lyons National Bank (LNB), reported earnings of $3.3 million for the third quarter of 2021, an increase of 23% over the third quarter of 2020. On a per share basis, earnings were $1.01 versus $0.82 for 2020. For the first nine months of 2021 ending on S...
Lyons Bancorp Successfully Completes Stock Offering
Published October 7, 2021 15 Views
Lyons Bancorp, Inc., the parent company of The Lyons National Bank (LNB), successfully completed its 2021 Shareholders' Common Stock Rights Offering and filed the necessary closing documents with the Securities and Exchange Commission. In the offering, shareholders had the right to buy one additiona...
Lyons Bancorp Launches Discounted Common Stock Offering
Published August 11, 2021 9 Views
Lyons Bancorp, Inc., the financial holding company and the parent of The Lyons National Bank, initiated a $9,958,780 common stock offering to its current common and preferred shareholders in the form of a Rights Offering on August 10th. The Company is offering up to 252,121 shares of common stock. E...
Lyons Bancorp Declares Additional Common Stock Dividend
Published July 26, 2021 10 Views
At an expressly-held meeting on July 22, 2021, The Board of Directors of Lyons Bancorp, Inc. declared a special one-time $0.10 per share cash dividend to be paid to all its common stock shareholders who will be recorded on its books at the close of business on August 2, 2021. The dividend will be pa...
Lyons Bancorp Reports 20% Increase in Second Quarter 2021 Earnings
Published July 12, 2021 16 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 13 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...
Lyons Bancorp Reports 15% Increase in First Quarter 2021 Earnings
Published April 8, 2021 19 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 11 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 13 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 15 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 13 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...