lcnb corp the holding company for lcnb national bank said thursday it is buying cincinnati bancorp the holding company for cincinnati federal in a deal valued at 437 million cincinnati bancorp operates five fullservice branch offices in cincinnati and northern kentucky and has 3047 million in assets 2629 million in loans 2236 million of deposits and 403 million in consolidated stockholders equity as of march 31 cincinnati bancorp shareholders will have the opportunity to elect to receive either 09274 share of lcnb stock or 1721 in cash for each share of cincinnati bancorp stock owned excluding onetime transaction costs lcnb expects the transaction to be 182 and 262 accretive to 2024 and 2025 fully diluted earnings per share respectively at closing cincinnati federal branches will become branches of lcnb national bank