LORAIN, Ohio--(BUSINESS WIRE)--
Gary J. Elek, Executive Vice President and Chief Financial Officer,
informed LNB Bancorp, Inc. (NASDAQ: LNBB) of his decision to retire from
his employment with the Company in early 2015. In connection with his
retirement, Mr. Elek will step down from his position as Chief Financial
Officer of the Company effective as of July 28, 2014, after which Mr.
Elek will remain employed with the Company and transition the balance of
his responsibilities over his remaining time until his planned
retirement early next year.
Effective July 28, 2014, the Company will appoint James H. Nicholson,
age 51, as Senior Vice President and Chief Financial Officer of the
Company. Prior to joining the Company, Mr. Nicholson most recently
served, from October 2013 to July 2014, as a Senior Financial Advisor
for F.N.B. Corporation, a financial services company headquartered in
Hermitage, Pennsylvania, following FNB’s acquisition of PVF Capital
Corp. in October 2013. From November 2009 to October 2013, Mr. Nicholson
served as Executive Vice President and Chief Financial Officer of PVF
Capital Corp., a bank holding company that was headquartered in Solon,
Ohio prior to its acquisition by FNB. From 2006 to 2009, Mr. Nicholson
served as Regional President and Regional Operating Officer for
Huntington National Bank.
About Lorain National Bank:
Lorain National Bank is the major subsidiary of LNB Bancorp, Inc., a
$1.2 billion bank holding company. The Lorain National Bank is a
full-service commercial bank, specializing in commercial, personal
banking services, residential mortgage lending and wealth management 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. 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 http://www.4lnb.com
or on Facebook at https://www.facebook.com/LorainNationalBank
Lorain National Bank
Peter R. Catanese, 440-244-7126
Source: LNB Bancorp, Inc.