Locate a branch

Middlefield Banc Corp. Added to American Bankers Association’s Community Bank Index

Middlefield Banc Corp. 2014 Press Releases

Font Size 
Company
Contact:
Thomas G. Caldwell
President/Chief Executive Officer
Middlefield Banc Corp.
(440) 632-1666 Ext. 3200
Investor and
Media Contact:
Andrew M. Berger
Managing Director
SM Berger & Company, Inc.
(216) 464-6400
Date: December 3, 2014

MIDDLEFIELD, OHIO ••• Middlefield Banc Corp. (NASDAQ: MBCN) today announced that on December 1, 2014 the company was added to the ABA NASDAQ Community Bank Index (ABAQ).

At December 1, 2014, the ABAQ included 373 community banks with more than $190 billion in market capitalization. Launched in 2003, the index is the most broadly representative stock index for community banks and includes all banks and savings associations or their holding companies listed on the NASDAQ, with the exception of any of the 50 largest bank and thrift charters based on asset size, banks classified as having an "international specialization" and banks classified as having a "credit card specialization."

Thomas G. Caldwell, President and Chief Executive Officer, stated, “Middlefield began trading on the NASDAQ Capital Market on September 10, 2014 and we are encouraged by our addition to the ABAQ. We have achieved many operating and financial milestones throughout 2014 as we position the company for the future. Becoming a part of the ABA Index increases Middlefield’s visibility and is a benchmark for our success.”

Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank holding company with total assets of $680.3 million at September 30, 2014. The bank operates 10 full service banking centers and an LPL Financial® brokerage office all in Ohio serving Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, and Westerville.

Additional information is available at www.middlefieldbank.bank.

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.

 

Central Ohio Northeast Ohio