Exhibit 99 FOR IMMEDIATE RELEASE Contacts: James H. Weber Senior Vice President, Marketing and Investor Relations Officer Tel: (440) 989-3005 Mitchell J. Fallis, CPA Vice President and Chief Accounting Officer Tel: (440) 244-7145 Gregory D. Friedman, CPA Executive Vice President, Corporate Secretary and Chief Financial Officer Tel: (440) 244-7143 LNB BANCORP, INC., DECLARES FOURTH-QUARTER AND EXTRA YEAR-END CASH DIVIDEND BOARD APPROVES INCREASED FOURTH QUARTER CASH DIVIDEND LORAIN, OHIO-November 18, 2003-LNB BANCORP, INC. (Nasdaq: LNBB), today announced that the Board of Directors declared a fourth-quarter cash dividend of $.17 per share. This represents a two percent increase from last year's fourth-quarter per-share cash dividend. In addition, the Board of Directors approved an EXTRA year-end cash dividend of $.02 per share. Both dividends are payable on January 2, 2004, to shareholders of record on December 15, 2003. This brings the total cash dividends declared per share in 2003 to $.70, an increase of $.02 or three percent from 2002's dividend per share amount of $.68. All 2002 per-share amounts herein have been restated to reflect the adoption of Statement of Financial Accounting Standards (SFAS) No. 147 "Acquisitions of Certain Financial Institutions" and SFAS No. 142 "Goodwill and Other Intangible Assets" as related to intangibles. Per share amounts have also been adjusted to reflect a two-percent stock dividend on July 2, 2002 and a three-for-two stock split on March 14, 2003. LNB Bancorp, Inc. offers LNBB Direct, a program that enables participants to make an initial purchase of LNB Bancorp, Inc., common shares with no entrance fee while increasing share ownership on a regular basis without paying brokerage commissions. To request an LNBB Direct prospectus, contact Registrar and Transfer Company, Direct Purchase/DRP Department, at 10 Commerce Drive, Cranford, NJ 07016-3572, or call them at (800) 368-5948, or visit LNB Bancorp, Inc.'s website at www.4LNB.com. ABOUT LNB BANCORP, INC. LNB Bancorp, Inc., is a $757-million financial holding company with two wholly owned subsidiaries: The Lorain National Bank and Charleston Insurance Agency, Inc., and a 49-percent-owned subsidiary, Charleston Title Agency, LLC. LNB Bancorp's primary subsidiary, The Lorain National Bank, provides a full spectrum of financial services, including full-service community banking, specializing in commercial, mortgage and personal banking services, and investment and trust services. Lorain National Bank also offers long- term, fixed-rate mortgages via the secondary mortgage market. Brokerage services including stocks, bonds, mutual funds and variable-annuity investments are also offered at Lorain National Bank through Raymond James Financial Services, Inc. (member NASD/SIPC), a registered broker/dealer. North Coast Community Development Corporation, a wholly owned subsidiary of The Lorain National Bank, is a community development entity (CDE), formed and approved in 2002, that will provide qualified community businesses with debt financing including commercial mortgage, construction, and commercial equipment loans aimed at stimulating economic growth and job creation in low- and moderate-income census tracts in Lorain County, Ohio. Charleston Insurance Agency, Inc., offers life, long-term-care insurance and fixed- annuity products. Charleston Title Agency, LLC, offers traditional title services. Lorain National Bank serves customers through 20 retail-banking centers and 23 ATMs in Ohio's Lorain, eastern Erie and western Cuyahoga counties. For more information about LNB Bancorp, Inc., and its related products and services or to view its filings with the Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K, please visit http://www.4lnb.com. This press release contains forward-looking statements based on current expectations that are covered under the "safe-harbor" provision of the Securities Litigation Reform Act of 1995. Certain forward-looking statements, which involve inherent risks and uncertainties, are described in LNB Bancorp's filings with the Securities and Exchange Commission. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, inflation, government regulations, and economic conditions and competition in the geographic and business areas in which LNB Bancorp, Inc., conducts its operations.