August 30, 2016 4:14 PM ET

Banks

Company Overview of LNB Bancorp Inc.

Executive Profile

Daniel E. Klimas

Chief Executive Officer, President, Director, Member of Executive Committee, Chief Executive Officer of Lorain National Bank and President of Lorain National Bank, LNB Bancorp Inc.
AgeTotal Calculated CompensationThis person is connected to 2 Board Members in 2 different organizations across 2 different industries.

See Board Relationships
57$792,391
As of Fiscal Year 2014

Background

Mr. Daniel E. Klimas, also known as Dan, served as the President and Chief Executive Officer of LNB BanCorp Inc. and The Lorain National Bank since February 7, 2005. Mr. Klimas served as the President of Northern Ohio region of Huntington National Bank. He lead all of Huntington's banking operations in Cleveland and Toledo and across Northern Ohio since 2001. In 1988, he joined KeyCorp (then called Society Corporation) and had increasing management responsibilities in ...

Corporate Headquarters

457 Broadway
Lorain, Ohio 44052

United States

Phone: 440-244-6000
Fax: --

Board Members Memberships

Director
2005-Present
Chief Executive Officer, President, Director, Member of Executive Committee, Chief Executive Officer of Lorain National Bank and President of Lorain National Bank

Education

Bachelor's Degree
Kent State University
MBA
Kent State University

Other Affiliations

Annual Compensation

Salary$400,000
Bonus$200,000
Total Annual Compensation$600,000

Stocks Options

All Other Compensation$48,691
Exercisable Options$151,111
Exercisable Options Value$338,455
Unexercisable Options$57,222
Unexercisable Options Value$444,109
Total Value of Options$782,563
Total Number of Options$208,333

Total Compensation

Total Annual Cash Compensation$648,691
Total Short Term Compensation$600,000
Other Long Term Compensation$48,691
Total Calculated Compensation$792,391
 

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