A groundbreaking ceremony Feb. 23 marked the start of construction work for LCNB National Bank’s new corporate operations center in downtown Lebanon.
Schueler Group, also a Lebanon-based company, consolidated 11 on-site parcels for LCNB and will build the 48,525-square-foot facility, according to the construction, development, brokerage and property management company.
“Mike Schueler and I have worked together in Southwest Ohio for many years. As I prepare to retire, this project culminates my vision for our bank and our community,” said Stephen Wilson, chairman of LCNB and parent company LCNB Corp., in a written statement.
The development of this property also closely involved the City of Lebanon, Warren County and the State of Ohio, including financial assistance from Ohio’s Racetrack Development Fund, according to Schueler Group. The planned opening is fall of 2016.
“…The site location of the new building in downtown Lebanon shows a positive commitment from the bank and long-term viability for downtown Lebanon,” Mike Schueler, chairman and chief executive officer of Schueler Group, said in a written statement.
Construction of a new operations center comes on the heels of the banking company’s growth. In recent years, LCNB made a series of acquisitions including: BNB Bancorp Inc. and its banking subsidiary, Brookville National Bank, a deal that closed in 2015; five branch offices of Eaton National Bank & Trust Co. in Preble County in a 2014 deal; and First Capital Bankshares Inc., the parent company of Citizens National Bank of Chillicothe, in a 2013 deal.
LCNB’s historic headquarters will continue to operate in the current space on North Broadway Street, bank officials have previously said.
LCNB National Bank operates more than 30 offices in Butler, Clermont, Clinton, Fayette, Hamilton, Montgomery, Preble, Ross and Warren counties.