RE: LCNB’s Foster Sets Retirement Date, Meilstrup Adds CEO to His Responsibilities

LEBANON, Ohio–(BUSINESS WIRE)–LCNB Corp. (NASDAQ: LCNB) The Board of Directors of LCNB Corp. and LCNB
National Bank announced that Steve P. Foster will retire as Chief
Executive Officer of LCNB Corp. and its subsidiary, LCNB National Bank,
effective June 30, 2019. Following his retirement, he will continue to
serve on the Board of Directors of LCNB Corp. and LCNB National Bank.
Mr. Foster steps down after 45 years in the banking industry, 42 at LCNB.

At the same meeting, the Board of Directors appointed Eric J. Meilstrup
to the position of Chief Executive Officer of LCNB Corp. and LCNB
National Bank effective June 30, 2019. Mr. Meilstrup, who was named
President and appointed to the Board on October 1, 2018, will continue
to serve in such capacities following this new appointment.

Spencer S. Cropper, Chair of the Board of LCNB Corp. and LCNB National
Bank commented “The banking industry has seen significant change over
the past decade. Thanks to Steve’s leadership, we’ve been able to not
just keep-up with the change, but also grow and expand our presence in
the region. We’ve been able to do so, all while holding firm to the
principals that have made us a successful community bank.” He continued,
“Although Steve will be transitioning out of his CEO role, we are
pleased that he will continue his service on both the LCNB Corp. and
LCNB National Bank Boards.“

Mr. Foster commented “I enter retirement with complete confidence that
Eric Meilstrup, with the management team and all the LCNB employees,
will continue the successful growth of the bank in the many communities
that LCNB National Bank serves.” He added “Eric’s many years of
experience as a member of the management team has prepared him to lead
the bank forward in the rapidly changing financial services industry.”

Regarding Mr. Meilstrup’s appointment, Mr. Cropper stated “Eric has
spent 30+ years with LCNB and is a well-qualified and respected leader
both within LCNB as well as in the community. The Board has full
confidence that Eric will be an excellent leader as we look for
continued success in the years to come.”

Mr. Meilstrup added “I am extremely grateful for this opportunity and
continue to be excited about being part of this very talented team of
people at LCNB National Bank.” He continued “I also want to thank Steve
for his leadership and friendship. He has had a positive impact on the
growth of our bank, our employees and each of the communities the bank
serves. He is a great example of what a true community banker is.”

LCNB Corp. is a financial holding company headquartered in Lebanon,
Ohio. LCNB National Bank is its wholly-owned FDIC insured subsidiary
with 35 offices located in Butler, Clinton, Clermont, Fayette, Franklin,
Hamilton, Montgomery, Preble, Ross, and Warren, Counties, Ohio.
Additional information about LCNB Corp. and information about products
and services offered by LCNB National Bank can be found on the Internet
at www.LCNB.com.

Contacts

Eric J. Meilstrup, President or
Robert C.
Haines II, Executive VP & CFO
at 800-344-BANK