8-K

                  SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C. 20549

                               FORM 8-K

                          CURRENT REPORT

                  PURSUANT TO SECTION 13 OR 15(d) OF
                   THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 14, 2003

                          LNB Bancorp, Inc.
   (Exact name of the registrant as specified on its charter)

            Ohio                                  34-1406303
   (State or other jurisdiction of             (I.R.S. Employer
    incorporation or organization)             Identification No.)

     457 Broadway, Lorain, Ohio                   44052 - 1769
(Address of principal executive offices)             (Zip Code)

                        (440) 244 - 6000
     Registrant's telephone number, including area code

                         Not Applicable
    (Former name, former address and former fiscal year,
                if changed since last report)




















ITEM 5.    Other Events and Regulation FD Disclosure

Registrant's wholly-owned subsidiary, North Coast Community Development
Corporation, was selected by the United States Department of the Treasury to
receive $9 million in tax credit allocations under the New Markets Tax Credit
program.  Registrant's press release announcing the award is furnished
as Exhibit 99 hereto.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

                                      LNB BANCORP, INC.


Date: March 18, 2003                  By:/s/Gregory D. Friedman
                                      -----------------------------
                                      Gregory D. Friedman, CPA
                                      Executive Vice President,
                                      Chief Financial Officer and
                                      Corporate Secretary


























                             LNB Bancorp, Inc.
                                 Form 8-K
                              Exhibit Index


Exhibit
Number

99          Press release announcing New Markets Tax Credit program
            award, dated March 18, 2003.

EX-99

                        Exhibit to Form 8 - K


                     S - K Reference Number (99)

Press release announcing New Markets Tax Credit
     program award, dated March 18, 2003

































FOR IMMEDIATE RELEASE

Contacts:

James H. Weber
Senior Vice President,
Marketing and Investor Relations Officer
Tel: (440) 989-3005

Mitchell J. Fallis, CPA
Vice President and
Chief Accounting Officer
Tel: (440) 244-7145

Gregory D. Friedman, CPA
Executive Vice President,
Corporate Secretary and
Chief Financial Officer
Tel: (440) 244-7143


    LNB BANCORP, INC., SUBSIDIARY RECIPIENT OF FIRST AWARDS MADE UNDER
                       NEW MARKETS TAX CREDIT PROGRAM

    Program Aimed at Stimulating Economic Opportunity and Job Creation
                        In Low-Income Communities

LORAIN, OHIO-March 18, 2003-LNB Bancorp, Inc. (Nasdaq: LNBB), announced that
North Coast Community Development Corporation (NCCDC), a wholly owned
subsidiary, has been awarded $9 million in tax credit allocations to be
earned over the next seven years under the New Markets Tax Credit (NMTC)
program.  United States Treasury Secretary John Snow, accompanied by United
States Senator George Voinovich and Ohio Governor Bob Taft, presented the
award at ceremonies held Friday in Columbus, Ohio.

Nationally, approximately 340 organizations applied for the tax credit
allocations.  LNB Bancorp, Inc., was one of 66 organizations nationally and
one of nine in the state of Ohio selected to receive the inaugural tax credit
allocations.

The investment vehicle for obtaining the NMTCs is the community development
entity (CDE). North Coast Community Development Corporation, which was formed
by Lorain National Bank and approved as a CDE in 2002, plans to provide
qualified community businesses with debt financing including commercial

mortgage, construction, commercial equipment and working capital loans aimed
at stimulating growth and job creation in low- and moderate-income census
tracts in Lorain County, Ohio.

The New Markets Tax Credit program is central to the Community Renewal Tax
Relief Act, enacted in 2000 to promote private investment in designated low-
income communities. CDEs must apply to the Community Development Financial
Institution Fund (CDFI) for an award of the tax credits and, in turn, seek
investors to make qualifying investments in the CDE.

LNB Bancorp, Inc.'s primary subsidiary, The Lorain National Bank, has agreed
to invest up to  $25 million in NCCDC. In return, Lorain National Bank will
be in a position to earn tax credits commensurate with those allocated to
NCCDC by the CDFI Fund.

Gary C. Smith, LNB Bancorp's president and chief executive officer,
commented, "This exciting award is a true win-win for both LNB Bancorp, Inc.,
and the Lorain County community, and aligns perfectly with our community
banking strategy. Our mission has always included making meaningful
investments to stimulate growth and jobs in our core-market area; however,
this award affords us the opportunity to offer interest rates that are below
prevailing market rates, as well as more flexible terms and/or reduced fees-
thereby enhancing demand for these loans. Not only are we now able to provide
qualifying customers with lower borrowing costs, but our shareholders stand
to benefit from the tax credits that are ultimately passed through to LNB
Bancorp, Inc."

LNB Bancorp, Inc., is a $715-million financial holding company with three
wholly owned subsidiaries: The Lorain National Bank, North Coast Community
Development Corporation and Charleston Insurance Agency, Inc., and a 49-
percent-owned subsidiary, Charleston Title Agency, LLC. LNB Bancorp's primary
subsidiary, The Lorain National Bank, provides a full spectrum of financial
services, including full-service community banking, specializing in
commercial, mortgage and personal banking services, and investment and trust
services. Lorain National Bank also offers long-term, fixed-rate mortgages
via the secondary mortgage market. Securities brokerage services, mutual fund
and variable-annuity sales are also offered at Lorain National Bank through
Raymond James Financial Services, Inc. (member NASD/SIPC), a registered
broker/dealer. Charleston Insurance Agency, Inc., offers life, accident,
health and long-term-care insurance and fixed-annuity products. Charleston
Title Agency, LLC, offers traditional title services.

Lorain National Bank serves customers through 21 retail-banking centers and
27 ATMs in Ohio's Lorain, eastern Erie, and western Cuyahoga counties. For
more information about LNB Bancorp, Inc., and its related products and
services or to view its filings with the Securities and Exchange Commission,

including Forms 10-K, 10-Q and 8-K, please visit http://www.4lnb.com.

This press release contains forward-looking statements based on current
expectations that are covered under the "safe-harbor" provision of the
Securities Litigation Reform Act of 1995. Certain forward-looking statements,
which involve inherent risks and uncertainties, are described in LNB
Bancorp's filings with the Securities and Exchange Commission. A number of
important factors could cause actual results to differ materially from those
in the forward-looking statements. Those factors include fluctuations in
interest rates, inflation, government regulations, and economic conditions
and competition in the geographic and business areas in which LNB Bancorp,
Inc., conducts its operations.