{"id":761762,"date":"2023-06-06T08:03:54","date_gmt":"2023-06-06T12:03:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/"},"modified":"2023-06-06T08:03:54","modified_gmt":"2023-06-06T12:03:54","slug":"lcnb-corp-is-set-to-join-the-russell-3000-index","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/","title":{"rendered":"LCNB Corp. is Set to Join the Russell 3000\u00ae Index"},"content":{"rendered":"

<\/p>\n

LCNB Corp. is Set to Join the Russell 3000\u00ae Index<\/b><\/p>\n

LEBANON, Ohio–(BUSINESS WIRE<\/a>)–
\nLCNB Corp. (Nasdaq: LCNB) today announced that the Company has been selected to join the Russell 3000\u00ae Index. This marks the 35th annual reconstitution and will be effective once the U.S. markets open on June 26, 2023, according to a preliminary list of additions posted May 19.<\/p>\n

\nEric Meilstrup, President and CEO of LCNB, stated, \u201cOur membership in the Russell 3000\u00ae Index reflects the success of our long-term growth initiatives, as well as our commitment to enhancing shareholder value through our growing dividend policy and opportunistic share repurchase program. We believe our inclusion in the Russell 3000\u00ae Index will help expand our access to both passive and active institutional investors. We remain dedicated to maximizing value for our shareholders and we are excited about the opportunities that lie ahead for LCNB, our communities and our shareholders.\u201d<\/p>\n

\nAnnual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of April 28, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000\u00ae Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000\u00ae<\/span> Index or small-cap Russell 2000\u00ae<\/span> Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.<\/p>\n

\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell\u2019s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.<\/p>\n

\nFor more information on the Russell 3000\u00ae Index and the Russell indexes reconstitution, go to the \u201cRussell Reconstitution\u201d section on the FTSE Russell website<\/a>.<\/p>\n

About LCNB Corp.<\/b><\/p>\n

\nLCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank(the \u201cBank\u201d), it serves customers and communities in Southwest and South-Central Ohio. A financial institution with a long tradition for building strong relationships with customers and communities, the Bank offers convenient banking locations in Butler, Clermont, Clinton, Fayette, Franklin, Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. The Bank continually strives to exceed customer expectations and provides an array of services for all personal and business banking needs including checking, savings, online banking, personal lending, business lending, agricultural lending, business support, deposit and treasury, investment services, trust and IRAs and stock purchases. LCNB Corp. common shares are traded on the NASDAQ Capital Market Exchange\u00ae under the symbol \u201cLCNB.\u201d Learn more about LCNB Corp.at www.lcnb.com<\/a>.<\/p>\n

About FTSE Russell:<\/b><\/p>\n

\nFTSE Russell is a global index leader that provides innovative benchmarking, analytics, and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.<\/p>\n

\nFTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20.1 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products, and index-based derivatives.<\/p>\n

\nA core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.<\/p>\n

\nFTSE Russell is wholly owned by the London Stock Exchange Group.<\/p>\n

\nFor more information, visit www.ftserussell.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

Certain statements made in this news release regarding LCNB\u2019s financial condition, results of operations, plans, objectives, future performance and business, are \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by the fact they are not historical facts and include words such as \u201canticipate\u201d, \u201ccould\u201d, \u201cmay\u201d, \u201cfeel\u201d, \u201cexpect\u201d, \u201cbelieve\u201d, \u201cplan\u201d, and similar expressions. Please refer to LCNB\u2019s Annual Report on Form 10-K for the year ended December 31, 2022, as well as its other filings with the SEC, for a more detailed discussion of risks, uncertainties and factors that could cause actual results to differ from those discussed in the forward-looking statements.<\/i><\/p>\n

These forward-looking statements reflect management’s current expectations based on all information available to management and its knowledge of LCNB\u2019s business and operations. Additionally, LCNB\u2019s financial condition, results of operations, plans, objectives, future performance and business are subject to risks and uncertainties that may cause actual results to differ materially. These factors include, but are not limited to:<\/i><\/p>\n

    \n
  1. the success, impact, and timing of the implementation of LCNB\u2019s business strategies;<\/i><\/li>\n
  2. the ongoing uncertainties for LCNB’s business, results of operations and financial condition, as well as its regulatory capital and liquidity ratios and other regulatory requirements, resulting from the scope and duration of the COVID-19 pandemic;<\/i><\/li>\n
  3. LCNB\u2019s ability to integrate future acquisitions may be unsuccessful or may be more difficult, time-consuming, or costly than expected;<\/i><\/li>\n
  4. LCNB may incur increased loan charge-offs in the future;<\/i><\/li>\n
  5. LCNB may face competitive loss of customers;<\/i><\/li>\n
  6. changes in the interest rate environment, which may include further interest rate increases, may have results on LCNB\u2019s operations materially different from those anticipated by LCNB\u2019s market risk management functions;<\/i><\/li>\n
  7. changes in general economic conditions and increased competition could adversely affect LCNB\u2019s operating results;<\/i><\/li>\n
  8. changes in regulations and government policies affecting bank holding companies and their subsidiaries, including changes in monetary policies, could negatively impact LCNB\u2019s operating results;<\/i><\/li>\n
  9. LCNB may experience difficulties growing loan and deposit balances;<\/i><\/li>\n
  10. United States trade relations with foreign countries could negatively impact the financial condition of LCNB’s customers, which could adversely affect LCNB ‘s operating results and financial condition;<\/i><\/li>\n
  11. difficulties with technology or data security breaches, including cyberattacks, could negatively affect LCNB’s ability to conduct business and its relationships with customers, vendors, and others;<\/i><\/li>\n
  12. adverse weather events and natural disasters and global and\/or national epidemics could negatively affect LCNB\u2019s customers given its concentrated geographic scope, which could impact LCNB\u2019s operating results; and<\/i><\/li>\n
  13. government intervention in the U.S. financial system, including the effects of legislative, tax, accounting and regulatory actions and reforms, including the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Jumpstart Our Business Startups Act, the Consumer Financial Protection Bureau, the capital ratios of Basel III as adopted by the federal banking authorities, and the Tax Cuts and Jobs Act, and any such future regulatory actions or reforms.<\/i><\/li>\n<\/ol>\n

    Forward-looking statements made herein reflect management’s expectations as of the date such statements are made. Such information is provided to assist shareholders and potential investors in understanding current and anticipated financial operations of LCNB and is included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. LCNB undertakes no obligation to update any forward-looking statement to reflect events or circumstances that arise after the date such statements are made.<\/i><\/p>\n

    \"\"<\/p>\n

    View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230605005808\/en\/<\/a><\/span><\/p>\n

    Company Contact:
    \n<\/b>
    Eric J. Meilstrup
    \n
    President Chief Executive Officer
    \n
    LCNB National Bank
    \n
    (513) 932-1414
    \n
    Shareholderrelations@lcnb.com<\/a><\/p>\n

    Investor and Media Contact:
    \n<\/b>
    Andrew M. Berger
    \n
    Managing Director
    \n
    SM Berger & Company, Inc.
    \n
    (216) 464-6400
    \n
    andrew@smberger.com<\/a><\/p>\n

    KEYWORDS:<\/b> United States North America Ohio<\/p>\n

    INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

    MEDIA:<\/b><\/p>\n\n\n\n\n
    Logo<\/b><\/font><\/td>\n<\/tr>\n
    \"Logo\"<\/td>\n<\/tr>\n
    <\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

    LCNB Corp. is Set to Join the Russell 3000\u00ae Index LEBANON, Ohio–(BUSINESS WIRE)– LCNB Corp. (Nasdaq: LCNB) today announced that the Company has been selected to join the Russell 3000\u00ae Index. This marks the 35th annual reconstitution and will be effective once the U.S. markets open on June 26, 2023, according to a preliminary list of additions posted May 19. Eric Meilstrup, President and CEO of LCNB, stated, \u201cOur membership in the Russell 3000\u00ae Index reflects the success of our long-term growth initiatives, as well as our commitment to enhancing shareholder value through our growing dividend policy and opportunistic share repurchase program. We believe our inclusion in the Russell 3000\u00ae Index will help expand our access to both passive and … <\/p>\n

    Continue reading “LCNB Corp. is Set to Join the Russell 3000\u00ae Index”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-761762","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLCNB Corp. is Set to Join the Russell 3000\u00ae Index - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LCNB Corp. is Set to Join the Russell 3000\u00ae Index - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LCNB Corp. is Set to Join the Russell 3000\u00ae Index LEBANON, Ohio–(BUSINESS WIRE)– LCNB Corp. (Nasdaq: LCNB) today announced that the Company has been selected to join the Russell 3000\u00ae Index. This marks the 35th annual reconstitution and will be effective once the U.S. markets open on June 26, 2023, according to a preliminary list of additions posted May 19. Eric Meilstrup, President and CEO of LCNB, stated, \u201cOur membership in the Russell 3000\u00ae Index reflects the success of our long-term growth initiatives, as well as our commitment to enhancing shareholder value through our growing dividend policy and opportunistic share repurchase program. 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(Nasdaq: LCNB) today announced that the Company has been selected to join the Russell 3000\u00ae Index. This marks the 35th annual reconstitution and will be effective once the U.S. markets open on June 26, 2023, according to a preliminary list of additions posted May 19. Eric Meilstrup, President and CEO of LCNB, stated, \u201cOur membership in the Russell 3000\u00ae Index reflects the success of our long-term growth initiatives, as well as our commitment to enhancing shareholder value through our growing dividend policy and opportunistic share repurchase program. We believe our inclusion in the Russell 3000\u00ae Index will help expand our access to both passive and … Continue reading \"LCNB Corp. is Set to Join the Russell 3000\u00ae Index\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-06T12:03:54+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230605005808r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LCNB Corp. is Set to Join the Russell 3000\u00ae Index","datePublished":"2023-06-06T12:03:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/"},"wordCount":1271,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230605005808r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lcnb-corp-is-set-to-join-the-russell-3000-index\/","name":"LCNB Corp. is Set to Join the Russell 3000\u00ae Index - 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