Exhibit 10.2GUARANTEE AGREEMENTLNB BANCORP, INC.Dated as of May 9, 2007
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         ARTICLE I      DEFINITIONS AND INTERPRETATION    SECTION 1.1.  Definitions and Interpretation  1          ARTICLE II      POWERS, DUTIES AND RIGHTS OF THE GUARANTEE TRUSTEE    SECTION 2.1. Powers and Duties of the Guarantee Trustee  4        SECTION 2.2. Certain Rights of the Guarantee Trustee  5        SECTION 2.3. Not Responsible for Recitals or Issuance of Guarantee  7        SECTION 2.4. Events of Default; Waiver  7        SECTION 2.5. Events of Default; Notice  8          ARTICLE III      THE GUARANTEE TRUSTEE           SECTION 3.1. The Guarantee Trustee; Eligibility  8        SECTION 3.2. Appointment, Removal and Resignation of the Guarantee Trustee  9          ARTICLE IV      GUARANTEE           SECTION 4.1. Guarantee  9        SECTION 4.2. Waiver of Notice and Demand  10        SECTION 4.3. Obligations Not Affected  10        SECTION 4.4. Rights of Holders  11        SECTION 4.5. Guarantee of Payment  11        SECTION 4.6. Subrogation  11        SECTION 4.7. Independent Obligations  12        SECTION 4.8. Enforcement  12          ARTICLE V      LIMITATION OF TRANSACTIONS; SUBORDINATION           SECTION 5.1. Limitation of Transactions  12        SECTION 5.2. Ranking  13          ARTICLE VI      TERMINATION           SECTION 6.1.  Termination  13          ARTICLE VII      INDEMNIFICATION           SECTION 7.1. Exculpation  14        SECTION 7.2. Indemnification  14 
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       SECTION 7.3. Compensation; Reimbursement of Expenses  15          ARTICLE VIII      MISCELLANEOUS           SECTION 8.1. Successors and Assigns  16        SECTION 8.2. Amendments  16        SECTION 8.3. Notices  16        SECTION 8.4. Benefit  17        SECTION 8.5. Governing Law  17        SECTION 8.6. Counterparts  17 
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GUARANTEE AGREEMENT     This GUARANTEE AGREEMENT (the “Guarantee”), dated as of May 9, 2007, is executed and deliveredby LNB Bancorp, Inc., incorporated in Ohio (the “Guarantor”), and Wells Fargo Bank, NationalAssociation, a national banking association with its principal place of business in the State ofDelaware, as trustee (the “Guarantee Trustee”), for the benefit of the Holders (as defined herein)from time to time of the Capital Securities (as defined herein) of LNB Trust II, a Delawarestatutory trust (the “Issuer”).     WHEREAS, pursuant to an Amended and Restated Declaration of Trust (the “Declaration”), datedas of May 9, 2007, among the administrators and trustees named therein of the Issuer, LNB Bancorp,Inc., as sponsor, and the Holders from time to time of undivided beneficial interests in the assetsof the Issuer, the Issuer is issuing on the date hereof securities, having an aggregate liquidationamount of up to $10,000,000, designated the Capital Securities (the “Capital Securities”); and     WHEREAS, as incentive for the Holders to purchase the Capital Securities, the Guarantordesires irrevocably and unconditionally to agree, to the extent set forth in this Guarantee, to payto the Holders of Capital Securities the Guarantee Payments (as defined herein) and to make certainother payments on the terms and conditions set forth herein.     NOW, THEREFORE, in consideration of the purchase by each Holder of the Capital Securities,which purchase the Guarantor hereby agrees shall benefit the Guarantor, the Guarantor executes anddelivers this Guarantee for the benefit of the Holders.ARTICLE I