0001157523-13-004530.txt : 20130927 0001157523-13-004530.hdr.sgml : 20130927 20130927095952 ACCESSION NUMBER: 0001157523-13-004530 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130927 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130927 DATE AS OF CHANGE: 20130927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LNB BANCORP INC CENTRAL INDEX KEY: 0000737210 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 341406303 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13203 FILM NUMBER: 131118269 BUSINESS ADDRESS: STREET 1: 457 BROADWAY CITY: LORAIN STATE: OH ZIP: 44052-1769 BUSINESS PHONE: 440-244-6000 MAIL ADDRESS: STREET 1: 457 BROADWAY CITY: LORAIN STATE: OH ZIP: 44052-1769 8-K 1 a50717603.htm LNB BANCORP, INC. 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 27, 2013

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):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ 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.

LNB BANCORP, INC. (NASDAQ: LNBB), the holding company for Lorain National Bank, today announced James B. Baemel, a 27-year banking veteran, has been named senior vice president and SBA business lending manager for Lorain National Bank. Mr. Baemel will be responsible for leading the recently developed SBA commercial lending sales team at LNB, which will serve businesses across a nine state area. Mr. Baemel and his team will be located in a new LNB loan office in Columbus, OH.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.	Description

99.1	Press Release, dated as of September 27, 2013.

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 27, 2013		By: /s/ Gary J. Elek
			Gary J. Elek
			Chief Financial Officer

Exhibit Index

Exhibit No.	Description

99.1	Press Release, dated as of September 27, 2013

EX-99.1 2 a50717603-ex991.htm EXHIBIT 99.1

Exhibit 99.1

LNB Bancorp, Inc. Names James Baemel Senior Vice President & SBA Lending Manager

-- Will Manage New Columbus, OH LNB Loan Office --

CLEVELAND--(BUSINESS WIRE)--September 27, 2013--James B. Baemel, a 27-year banking veteran, has been named senior vice president and SBA business lending manager for Lorain National Bank. He reports to Daniel E. Klimas, president and chief executive officer of Lorain National Bank.

In his newly created position, Mr. Baemel will be responsible for leading the recently developed SBA commercial lending sales team at LNB, which will serve businesses across a nine state area. Mr. Baemel and his team will be located in a new LNB loan office in Columbus, OH.

Joining James Baemel on the new SBA Lending team:

Spencer Twyford, vice president
Chris Jackson, vice president
Tyler Nicholson, underwriter

“Jim’s leadership and experience are a great addition to our commercial banking sales team,” said Klimas. “We’re excited to launch this new strategic effort to source SBA loans across a much larger market area than Northeast Ohio. Throughout his impressive career, Jim has shown a great ability to provide the best financial solutions for his clients, a strength that will greatly benefit the LNB team and our customers. Jim has assembled a team with considerable knowledge of government lending programs through the Small Business Administration.”

Prior to joining LNB, Mr. Baemel was senior vice president at Parkview Federal Savings Bank. He has also held senior management roles at UPS Capital Credit, Unizan Bank, N. A. and The Money Store Investment Corporation. The sales team worked together for Unizan Bank prior to the acquisition by Huntington Bank.

“We’re pleased to be part of Lorain National Bank, offering financing options to small businesses. Our advantages are years of SBA lending experience and fast approvals for our customers,” said Baemel.

About LNB Bancorp, Inc.

LNB Bancorp, Inc. is a $1.2 billion bank holding company. Its major subsidiary, The Lorain National Bank, is a full-service commercial bank, specializing in commercial, personal banking services, residential mortgage lending and investment and trust services. The Lorain National Bank and Morgan Bank serve customers through 20 retail-banking locations and 28 ATMs in Lorain, eastern Erie, western Cuyahoga and Summit counties. Our Indirect Auto Financing division serves over 650 dealers in seven states. North Coast Community Development Corporation is a wholly owned subsidiary of The Lorain National Bank. For more information about LNB Bancorp, Inc., and its related products and services or to view its filings with the Securities and Exchange Commission, visit us at http://www.4lnb.com.

CONTACT:
Lorain National Bank
Peter R. Catanese, 440-244-7126