The Middlefield Banking Company today announced the opening of a new loan production office (LPO) at 8373 Mentor Avenue in Mentor, Ohio. The LPO will focus on helping large and small companies in Lake and Geauga Counties achieve their financial goals and will be managed by Robert J. Dawson, newly named Vice President of Commercial Lending.
Mr. Dawson has over 28 years of banking experience. Before joining Middlefield, Mr. Dawson served as Senior Vice President – Relationship Manager at First Merit Bank. Prior to that, he spent 14 years at Charter One Bank in various positions. He holds an M.B.A. in Management from Baldwin Wallace College, and a B.B.A. in Accounting and Finance from the University of Cincinnati.
President and CEO Thomas G. Caldwell stated, “Our Mentor LPO is our first entrance into this market and we are excited to begin offering our financial services to business customers in Lake County. We are thrilled to have Bob leading our new LPO. He is a seasoned commercial banker with hometown roots in Concord and is recognized for developing specific solutions answering the financial needs of Lake County customers. We look forward to working with Bob and growing Middlefield’s presence in this new and compelling market.”
The Middlefield Banking Company is an operating subsidiary of Middlefield Banc Corp. (Nasdaq: MBCN). Headquartered in Middlefield, Ohio, Middlefield Banc Corp. has assets in excess of $705.5 million. The bank operates full service banking centers and an LPL Financial® brokerage office serving Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, and Westerville, 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.