LNB Bancorp just filed a prospectus, suggesting it plans to soon issue some securities


LNB Bancorp just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

USE OF PROCEEDS

We will receive no proceeds from the sale of any of or all of the shares being offered by the selling shareholders under this prospectus.

 

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The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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