Item 8.01 Other Events.

On May 27, 2022, the Board of Directors of LCNB authorized entry into a new Issuer Stock Repurchase Plan Agreement (the "Plan"). Under the terms of the Plan, LCNB is authorized to repurchase up to 500,000 of its outstanding common shares, and has engaged an independent broker to act as agent for LCNB (the "Broker"). The Plan will expire by or around December 31, 2022. The Plan will replace and supersede LCNB's prior Issuer Stock Repurchase Plan Agreement, which was adopted in January of 2021.

Under the Plan, the Broker is authorized to purchase common shares on behalf of LCNB through open market transactions in accordance with Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Plan, in compliance with Rule 10b5-1, would permit common shares to be repurchased at times that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The Plan is administered by the Broker and is subject to price, market volume and timing restrictions.

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