Cincinnati Bancorp, Inc.: insider trades · United States · SEC (Form 4)

About Cincinnati Bancorp, Inc.

Cincinnati Bancorp, Inc. was a U.S. bank holding company listed on the Nasdaq Capital Market under the ticker CNNB before it announced its delisting and SEC deregistration process in 2023. For investors, the key point is that the company operated in the United States, with a focused community-banking footprint centered on Greater Cincinnati, Ohio, and nearby Northern Kentucky through its subsidiary Cincinnati Federal. Its business model was straightforward and traditional: gather deposits, originate loans, and serve households, local businesses, and real-estate borrowers within a relatively narrow geographic market. The company’s history is rooted in community banking and conversion-based expansion. Cincinnati Bancorp became a publicly traded company after a conversion transaction completed in January 2020, which temporarily increased its visibility in U.S. capital markets. That public-market phase was relatively short-lived. In January 2023, management announced a voluntary SEC deregistration and Nasdaq delisting, stating that the cost and compliance burden of remaining an SEC-reporting listed company outweighed the benefits. The company indicated it would move to OTC quotation after delisting, and in 2023 it later became part of a broader consolidation story through an announced transaction with LCNB Corp. Operationally, Cincinnati Federal served customers from its main office in Green Township and a small network of full-service branches across Greater Cincinnati, including Anderson, Miami Heights, and Price Hill, plus a branch in Florence, Kentucky. It also operated a lending center in Milford, Ohio. This branch structure underscores its identity as a community bank rather than a scaled regional platform. The firm’s key products and services were conventional banking offerings: retail deposits, residential mortgage lending, commercial real estate lending, and other relationship-based lending services. That mix made the bank particularly dependent on local credit relationships, mortgage demand, and commercial-property activity in its core market. From a competitive standpoint, Cincinnati Bancorp occupied a niche position against larger Ohio regional banks and national institutions. Its appeal was based on local franchise knowledge, personal service, and underwriting discipline rather than on product breadth or geographic scale. In the context of the U.S. banking sector, this is a model that can remain resilient in its home market but is also vulnerable to higher compliance costs and consolidation pressures. The most material recent development was the company’s exit from the listed market. Its move off Nasdaq in the United States, followed by the announced LCNB Corp. transaction, signaled a strategic shift from independent public-company status toward integration within a larger community-banking platform. For analysts, CNNB is best understood as a small, locally focused U.S. community bank whose public-market chapter ended with deregistration and acquisition-related consolidation.