SC 13D/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1 )

LNB Bancorp, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

502100-10-0

(CUSIP Number)

Christopher J. Hubbert, Kohrman Jackson & Krantz P.L.L.,
1375 E. 9^th Street, 20^th Floor,
Cleveland, OH 44114,
(216) 696-8700

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

July 18, 2007

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

CUSIP No. 502100-10-0  Page 2  of  7 

1	NAMES OF REPORTING PERSONS: AMG Investments, LLC
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a)   o
	(b)   þ
3	SEC USE ONLY:
4	SOURCE OF FUNDS (SEE INSTRUCTIONS):
	WC, OO
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
	o
6	CITIZENSHIP OR PLACE OF ORGANIZATION:
	Ohio
		7	SOLE VOTING POWER:
NUMBER OF			564,905
SHARES		8	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY
EACH		9	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			564,905
WITH		10	SHARED DISPOSITIVE POWER:
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
	564,905
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
	o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
	8.8%
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
	00

CUSIP No. 502100-10-0  Page 3  of  7 

1	NAMES OF REPORTING PERSONS: Richard M. Osborne
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a)   o
	(b)   þ
3	SEC USE ONLY:
4	SOURCE OF FUNDS (SEE INSTRUCTIONS):
	WC, OO
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
	o
6	CITIZENSHIP OR PLACE OF ORGANIZATION:
	USA
		7	SOLE VOTING POWER:
NUMBER OF
SHARES		8	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			564,905
EACH		9	SOLE DISPOSITIVE POWER:
REPORTING
PERSON
WITH		10	SHARED DISPOSITIVE POWER:
			564,905
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
	564,905
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
	o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
	8.8%
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
	IN

CUSIP No. 502100-10-0  Page 4  of  7 

1	NAMES OF REPORTING PERSONS: Steven A. Calabrese
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a)   o
	(b)   þ
3	SEC USE ONLY:
4	SOURCE OF FUNDS (SEE INSTRUCTIONS):
	WC, OO
5	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
	o
6	CITIZENSHIP OR PLACE OF ORGANIZATION:
	USA
		7	SOLE VOTING POWER:
NUMBER OF
SHARES		8	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			564,905
EACH		9	SOLE DISPOSITIVE POWER:
REPORTING
PERSON
WITH		10	SHARED DISPOSITIVE POWER:
			564,905
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
	564,905
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
	o
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
	8.8%
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
	IN

CUSIP No. 502100-10-0  Page 5  of  7 

Introduction.

     This Amendment No. 1 to Schedule 13D is filed by AMG Investments, LLC, an Ohio limited liability company (“AMG”), Steven A. Calabrese and Richard M. Osborne, relating to the acquisition of shares of common stock, par value $1.00 per share (the “Shares”), of LNB Bancorp, Inc., an Ohio corporation (the “Company”).

Item 3. Source and Amount of Funds or Other Consideration.

     The Shares reported in Item 5(c) as having been acquired by AMG were acquired for the aggregate purchase price of approximately $472,426 (excluding commissions) with a combination of working capital of AMG and margin debt from Wachovia Securities. Interest on the margin debt is computed at a select rate above the rate banks charge securities brokers (“call money rate”) and is subject to change, without notice, if the brokers call money rate changes. To the extent permitted by law, Wachovia has a lien on certain of the Shares reported herein as having been acquired by AMG.

Item 4. Purpose of Transaction.

     AMG has requested a shareholder list from the Company for the purpose of communicating with other shareholders regarding the affairs of the Company. This request is attached as Exhibit 7.1.

     The Shares reported in Item 5(c) as having been acquired by AMG were purchased for investment.

Item 5. Interest in Securities of the Issuer.

     (a) According to the most recently available filing with the Securities and Exchange Commission by the Company, there are 6,443,673 Shares outstanding.

     AMG beneficially owns 564,905 Shares, or 8.8% of the outstanding Shares. As managing members of AMG, each of Mr. Calabrese and Mr. Osborne may be deemed to beneficially own all Shares held by AMG.

     (b) Mr. Calabrese and Mr. Osborne, as managing members of AMG, have shared power to vote, or to direct the voting of, and shared power to dispose or to direct the disposition of, the Shares held by AMG.

CUSIP No. 502100-10-0  Page 6  of  7 

     (c) During the past 60 days, AMG purchased 31,224 Shares in open market transactions as set forth below:

			Approximate Per Share Price
Date	Number of Shares		(Excluding Commissions)
6/12/2007		3,500	$	15.00
6/14/2007		25,800	$	15.15
6/18/2007		924	$	15.05
6/18/2007		1,000	$	15.15

Item 7. Material to be Filed as Exhibits.

     7.1 Demand to Examine List of Shareholders of LNB Bancorp, Inc.

     7.2 Joint Filing Agreement

CUSIP No. 502100-10-0  Page 7  of  7 

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: July 19, 2007

AMG Investments, LLC

/s/ Richard M. Osborne

By: Richard M. Osborne

Its: Managing Member

/s/ Richard M. Osborne

Richard M. Osborne, Individually

/s/ Steven A. Calabrese

Steven A. Calabrese, Individually

EXHIBIT INDEX

Exhibit Number	Description
7.1	Demand to Examine List of Shareholders of LNB Bancorp, Inc.
7.2	Joint Filing Agreement

EX-7.1

EXHIBIT 7.1

AMG Investments, LLC
8500 Station Street
Suite 113
Mentor, Ohio 44060

July 18, 2007

Via Facsimile and Certified Mail
Return Receipt Requested

LNB Bancorp, Inc.
457 Broadway
Lorain, Ohio 44052-1769

Attn:	Terry M. White
	Corporate Secretary

Re:	Demand to Examine List of Shareholders of LNB Bancorp, Inc.
	Pursuant to Section 1701.37(C) of the Ohio Revised Code

Dear Mr. White:

AMG Investments, LLC is the holder of record of 100 shares of the common stock of LNB Bancorp, Inc., an Ohio corporation (“LNB”), and the beneficial owner of 564,805 additional shares of common stock of LNB. I hereby demand a copy of the list of shareholders of LNB pursuant to the Ohio Revised Code (“ORC”).

ORC Section 1701.37(A) requires all Ohio corporations to maintain a list of shareholders showing each shareholder’s name, address and the number and class of shares issued or transferred of record to or by each such shareholder. Pursuant to Section 1701.37(C) of the ORC, I am entitled to inspect the list of LNB shareholders. I hereby demand to examine the shareholder list for the purpose of obtaining the names, addresses and holdings of other shareholders with whom I may wish to communicate with regarding the affairs of LNB.

Accordingly, please deliver the following information to Kohrman Jackson & Krantz PLL, 1375 East Ninth Street, One Cleveland Center, 20th Floor, Cleveland, Ohio 44114, Attn: Christopher J. Hubbert, Esq.:

• A list of the record holders of all shares of LNB’s stock as of the most recent practicable date, certified by LNB’s transfer agent, showing the names, addresses and the number and class of shares issued to or transferred of record to or by each shareholder;

• A computer disk containing the record holders of all shares of LNB’s stock as of the most recent practicable date, showing the names, addresses and the number and class of shares issued to or transferred of record to or by each shareholder, including any computer processing data that is necessary to access and use the information; and

• All information in LNB’s possession or control or which can reasonably be obtained from nominees of any central certificate depository system concerning the number and identity of the actual beneficial owners of LNB’s shares, including a breakdown of any holdings in the name of CEDE & Co., Kray & Co., Pacific & Co., NCC & Co., Philadep, DLH, NEST and other similar nominees, and any list of non-objecting beneficial owners (NOBO) in LNB’s possession.

I will bear the reasonable costs incurred by LNB in connection with the copying of the above information.

I hereby designate and authorize Kohrman Jackson & Krantz PLL, its employees and any other representative or agent designated by them or me, acting alone or in any combination, to conduct an inspection of the requested list of shareholders.

Please immediately advise Christopher J. Hubbert, Kohrman Jackson & Krantz PLL, phone 216-696-8700, fax 216-621-6536, as to when the shareholder list will be provided.

Sincerely,

AMG Investments, LLC

/s/ Richard M. Osborne

By Richard M. Osborne, Managing Member

cc:	Steven A. Calabrese
	Christopher J. Hubbert, Esq.

2

EX-7.2

EXHIBIT 7.2

AGREEMENT OF JOINT FILING

     Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission, the Statement on Schedule 13D (the “Statement”) to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them.

     This Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall be deemed to constitute one and the same instrument.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement.

Date: July 19, 2007	AMG Investments, LLC
	/s/ Richard M. Osborne
	By:	Richard M. Osborne
	Its:	Managing Member
	/s/ Richard M. Osborne
	Richard M. Osborne, Individually
	/s/ Steven A. Calabrese
	Steven A. Calabrese, Individually