Lorain National Bank, Lorain, Ohio, has announced an agreement to acquire Mortgage One Banc, also of Lorain, for an undisclosed amount of cash.Mortgage One will retain its identity, and all mortgage employees of Lorain National will be retained and either reassigned to other areas of the bank or to Mortgage One, the bank said. Lorain National is the banking subsidiary of LNB Bancorp Inc., which can be found on the Web at http://www.4lnb.com.
Lorain Nat'l to Buy Mortgage One Banc
July 06, 2004, 2:00 p.m. EDT 1 Min Read
