Exhibit 99.2


Dear Fellow Shareholder,

I am pleased to share with you an important development in fulfilling our
long-term growth strategy. LNB Bancorp, Inc. has signed a definitive agreement
with Morgan Bancorp, Inc. of Hudson, Ohio in which LNB would acquire Morgan and
its wholly-owned subsidiary, Morgan Bank, N.A.

A copy of the news release, which includes terms of the transaction, is
attached. We anticipate completing the merger in the third quarter of 2007,
pending certain regulatory and Morgan shareholder approvals.

Morgan Bank, which has assets of about $129 million, operates from one branch
location in Hudson, a strategically-located, affluent community which ranks as
the fourth wealthiest city in Ohio in terms of median household income
statistics. Morgan Bank enjoys the number one deposit market share position in
Hudson with about 23% of the deposits there.

The advantages of this acquisition go much deeper. Both LNB and Morgan share the
same commitment to a strong community bank culture with the important traits of
a keen customer focus, local decision-making and solid community involvement.

In addition to this shared philosophy, we have complementary product strengths
and, most important, dedicated, experienced professionals throughout both
organizations. We believe we can export many of the product and business
capabilities we have individually to help the merged company grow and prosper in
the future.

As I have shared on several occasions, we are looking to strengthen our Lorain
County presence as well as expand into attractive markets in contiguous
counties. Just today we are opening a new branch in Chestnut Commons in Elyria
and last summer we opened a new branch in North Ridgeville. Both offices are
located in high growth areas of the county. We also opened a business
development office in Cuyahoga County which serves small and medium-sized
businesses throughout the region.

This merger with Morgan Bank will greatly enhance those expansion initiatives,
while providing top line growth and better leveraging of our expense base. We
expect the transaction to be accretive to earnings in the first full year of
operation based on an estimated $1.7 million in annual cost savings.

Board Chairman Jim Herrick and your Board of Directors join me in the belief
that this acquisition will create shareholder value and enhance our position as
a strong independent community bank. I look forward to reporting continuing
developments in our strategy and I appreciate your continued interest and
support.


Sincerely,

/s/ Daniel E. Klimas
Daniel E. Klimas
President & Chief Executive Officer
LNB Bancorp, Inc.

Attachment: News Release dated January 16, 2007



Additional Information About the Merger and Where to Find It

LNB and Morgan will be filing relevant documents concerning the transaction with
the Securities and Exchange Commission, including a registration statement on
Form S-4 which will include a proxy statement/prospectus. Shareholders will be
able to obtain a free copy of the proxy statement/prospectus, as well as other
filings containing information about LNB and Morgan, at the Securities and
Exchange Commission's internet site (http://www.sec.gov). Copies of the proxy
statement/prospectus and the filings with the Securities and Exchange Commission
that will be incorporated by reference in the proxy statement/prospectus can
also be obtained, without charge, by directing a request to LNB Bancorp, Inc.,
457 Broadway, Lorain, Ohio 44052, Attention: Investor Relations, (440) 244-7185,
or Morgan Bancorp, Inc., 178 West Streetsboro Street, Hudson, Ohio 44236. The
final proxy statement/prospectus will be mailed to shareholders of Morgan.

Shareholders are urged to read the proxy statement/prospectus, and other
relevant documents filed with the Securities and Exchange Commission regarding
the proposed transaction when they become available, because they will contain
important information.

The directors and executive officers of LNB and Morgan and other persons may be
deemed to be participants in the solicitation of proxies in respect of the
proposed merger. Information regarding LNB's directors and executive officers is
available in its proxy statement filed with the SEC on March 17, 2006.
Information regarding Morgan's directors and executive officers and other
information regarding the participants in the proxy solicitation and a
description of their direct and indirect interests, by security holdings or
otherwise, will be contained in the proxy statement/prospectus and other
relevant materials to be filed with the SEC when they become available.