Middlefield Banc Corp. to Celebrate 10th Anniversary of Nasdaq Listing
August 20 2024 - 8:00AM
Middlefield Banc Corp. (NASDAQ: MBCN) today announced that it will
celebrate the 10th anniversary of its listing on the Nasdaq Stock
Market by ringing the Opening Bell on Tuesday, August 27, 2024.
The Middlefield Banc Corp. Opening Bell Ceremony
will be broadcast live on Tuesday, August 27, 2024, starting at
approximately 9:15 a.m. ET. Viewers can watch the opening ceremony
on Facebook or the livestream at
https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
“It is an honor to represent Middlefield by
ringing the Nasdaq Opening Bell and celebrating our 10th
anniversary on the Nasdaq Stock Market. As a community bank, we are
dedicated to serving the needs of our local communities, customers,
employees, and shareholders. Since listing on Nasdaq ten years ago,
Middlefield’s total assets have increased by nearly 170%, our
annual net income has grown over 140%, and we have returned capital
back to our shareholders through our share repurchase program and
growing annual dividend. Our success over this period would not
have been possible without the hard work of our employees and their
dedication to our local Ohio communities,” stated Ronald L.
Zimmerly, Jr., President and Chief Executive Officer.
About Middlefield Banc Corp.
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the
Bank holding Company of The Middlefield Banking Company, with total
assets of $1.83 billion at June 30, 2024. The Bank operates 21
full-service banking centers and an LPL Financial® brokerage office
serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin,
Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbury,
Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and
Westerville. The Bank also operates a Loan Production Office in
Mentor, Ohio.
Additional information is available at
www.middlefieldbank.bank
This press release of Middlefield Banc Corp. and
the reports Middlefield Banc Corp. files with the Securities and
Exchange Commission often contain "forward-looking statements"
relating to present or future trends or factors affecting the
banking industry and, specifically, the financial operations,
markets and products of Middlefield Banc Corp. These
forward-looking statements involve certain risks and uncertainties.
There are a number of important factors that could cause
Middlefield Banc Corp.'s future results to differ materially from
historical performance or projected performance. These factors
include, but are not limited to: (1) a significant increase in
competitive pressures among financial institutions; (2) changes in
the interest rate environment that may reduce interest margins; (3)
changes in prepayment speeds, charge-offs and loan loss provisions;
(4) less favorable than expected general economic conditions; (5)
legislative or regulatory changes that may adversely affect
businesses in which Middlefield Banc Corp. is engaged; (6)
technological issues which may adversely affect Middlefield Banc
Corp.'s financial operations or customers; (7) changes in the
securities markets; or (8) risk factors mentioned in the reports
and registration statements Middlefield Banc Corp. files with the
Securities and Exchange Commission. Middlefield Banc Corp.
undertakes no obligation to release revisions to these
forward-looking statements or to reflect events or circumstances
after the date of this press release.
Company Contact: |
Investor and Media Contact: |
Ron ZimmerlyPresident and Chief Executive Officer Middlefield Banc
Corp.(419) 673-1217RZimmerly@middlefieldbank.com |
Andrew M. BergerManaging DirectorSM Berger & Company, Inc.
(216) 464-6400andrew@smberger.com |
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