February 24, 2010 (FinancialWire) — The board of directors of LNB Bancorp, Inc. (NASDAQ: LNBB) has declared a first quarter 2010 cash dividend of $.01 a share, payable on April 1, 2010 to shareholders of record on March 6, 2010.

Ohio-based LNB Bancorp is a bank holding company. Its major subsidiary, The Lorain National Bank, is a commercial bank. The Lorain National Bank and Morgan Bank serve customers through 20 retail-banking locations and 27 ATMs in Lorain, eastern Erie, western Cuyahoga and Summit counties. North Coast Community Development Corp. is a wholly owned subsidiary of The Lorain National Bank.

Brokerage services are provided by the bank through an agreement with Investment Centers of America.

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