8-K

UNITED STATES
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) September 5, 2008

LNB BANCORP, INC.

(Exact name of registrant as specified in its charter)

Ohio	0-13203	34-1406303
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

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

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

 
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On or about September 5, 2008, LNB Bancorp, Inc. (the “Company”) mailed a letter to its shareholders discussing the quarterly cash dividend declared by the Company’s Board of Directors, payable October 1, 2008 to shareholders of record at the close of business on September 15, 2008. The letter to shareholders is furnished as Exhibit No. 99.1.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.	Description
99.1	Shareholders Letter.

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. (Registrant)
Date: September 9, 2008	By:	/s/ Sharon L. Churchill
		Sharon L. Churchill
		Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Shareholders letter.

EX-99.1

Exhibit No. 99.1.

September 5, 2008

Dear Fellow Shareholder,

On September 3, the Board of Directors of LNB Bancorp, Inc. declared a quarterly cash dividend of $0.09 per share on its common stock, payable October 1, 2008 to shareholders of record at the close of business on September 15, 2008. This cash dividend reflects a reduction from the previous $0.18 per share quarterly dividend paid to LNB shareholders.

The decision to reduce the dividend is consistent with the difficult decision the LNB Board of Directors made in the second quarter of this year to make an increased provision for loan losses. The Board of Directors recognizes that quarterly dividends are important to you, our shareholders. In today’s volatile economic and credit environment and with continuing uncertainty about the future, these decisions represent appropriate and prudent steps to preserve capital and build our reserves through these challenging times.

While the board has taken these tough actions, the company also reported significant progress in growing the core earnings of the company with solid gains in net interest and fee income in the second quarter. This strong core operating performance is the direct result of the significant strategic investments made by the company over the past three years. These investments included adding new offices in high growth areas of Lorain County and expanding our presence in adjoining Cuyahoga County and acquiring Morgan Bank of Hudson in northern Summit County.

All of these developments, including the decision to reduce our dividend, are intended to ensure the long-term success of LNB. By maintaining a strong capital position and sustaining positive revenue growth, we are positioning LNB to emerge from the current economic and credit downturn as a vibrant, competitive community bank of scale, poised for continued growth and success.

We are heartened by the core performance of our company, the dedication and commitment of our associates and your support as we continue to focus on building a successful company for the future.

Sincerely,

The Board of Directors of LNB Bancorp, Inc.

James R. Herrick, Chairman	Daniel E. Klimas, President& CEO	Benjamin G. Norton
James F. Kidd	J. Martin Erbaugh	Tom Perciak
Daniel P. Batista	Terry D. Goode	Jeffrey F. Riddell
Robert M. Campana	Lee C. Howley	John W. Schaeffer,M.D.
Kevin C. Martin	Dan Merkel	Donald F. Zwilling