FINANCIAL_SERVICESAPPROVED

South Lebanon village (pt.) Awards Financial Services Contract to Lcnb National Bank (June 2026)

The City of South Lebanon approved a five-year Memorandum of Agreement with LCNB National Bank to serve as the designated depository for City funds from July 1, 2026 through July 1, 2031. The agreement authorizes deposits totaling up to $17,000,000.00, with defined limits for active, interim, and inactive funds and requires compliance with Ohio public depository laws.

Status
APPROVED
Document date
June 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lcnb National Bank
Agency
South Lebanon village (pt.) · OH

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Total awarded $17,000,000.00; Active Funds max $15,000,000.00; Interim Deposits max $1,000,000.00; Inactive Deposits max $1,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2026 to July 1, 2031 (five-year depository designation)
Renewal date
2031-07-01
Renewal
This action designates LCNB National Bank as the City’s public depository for the statutory five-year period from July 1, 2026 to July 1, 2031, following its prior designation in 2021 under Resolution 2021-16. Any future continuation beyond July 1, 2031 would require a new depository designation under Ohio Revised Code Section 135.12(B).
Document type
Resolution
Source document
City of South Lebanon Resolution 2026-13 Authorizing Memorandum of Agreement with LCNB National Bank 2026-06-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Lebanon village (pt.)?

Lcnb National Bank was awarded this financial services contract by South Lebanon village (pt.), as recorded on June 4, 2026. The contract value is Total awarded $17,000,000.00; Active Funds max $15,000,000.00; Interim Deposits max $1,000,000.00; Inactive Deposits max $1,000,000.00.

How much is the Lcnb National Bank contract with South Lebanon village (pt.) worth?

The Lcnb National Bank contract with South Lebanon village (pt.) is valued at Total awarded $17,000,000.00; Active Funds max $15,000,000.00; Interim Deposits max $1,000,000.00; Inactive Deposits max $1,000,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of South Lebanon Resolution 2026-13 Authorizing Memorandum of Agreement with LCNB National Bank 2026-06-04 (Resolution), dated June 4, 2026 from South Lebanon village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lcnb National Bank hold?

Lcnb National Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Lcnb National Bank's profile

What is South Lebanon village (pt.) currently buying?

Explore South Lebanon village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View South Lebanon village (pt.)'s profile

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