LNB BANCORP, INC. (an Ohio corporation) 25,223 Shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B UNDERWRITING AGREEMENTUnderwriting Agreement • May 18th, 2012 • LNB Bancorp Inc • State commercial banks • New York
LNB Bancorp, Inc., an Ohio corporation (the “Company”), The Lorain National Bank (the “Bank”) and the United States Department of the Treasury (the “Selling Shareholder”) each confirms its agreement with [—] and [—] (“[—],” and collectively with [—], the “Underwriters,” which term shall also include any underwriter substituted as hereinafter provided in Section 11 hereof), for whom[—] and[—] are acting as Representatives (in such capacity, the “Representatives”), with respect to the sale by the Selling Shareholder and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, without par value, of the Company (the “Preferred Stock”) set forth in Schedule A hereto. The aforesaid 25,223 shares of Preferred Stock to be purchased by the Underwriters are referred to herein, collectively, as the “Securities.”
