Asset Sale of Dakin Insurance Agency, a Subsidiary of LCNB Corp., to an Ohio Insurance Group

Dinsmore & Shohl represented LCNB Corporation, an Ohio chartered bank holding company, in the sale of its insurance agency subsidiary, Dakin Insurance Agency, Inc., to Rixey-Berry Insurance, Inc.  Our attorneys prepared and negotiated the asset purchase agreement. In addition, we prepared all transfer documents for the assets.  The sale took LCNB Corporation out of the sale and brokerage of insurance products so that it can concentrate on its core financial institution business.