The Middlefield Banking Company Temporarily Limits In-Person Branch Services amid Coronavirus Concerns
21 March 2020 - 2:30AM
The Middlefield Banking Company, a wholly owned subsidiary of
Middlefield Banc Corp. (NASDAQ: MBCN), today announced that
effective March 23, 2020 in-person branch banking services will be
temporarily limited to in-office service by appointment only.
To assist clients with banking needs, drive-thru service hours will
be expanded at most offices. The changes are part of the
Bank’s comprehensive actions to help reduce the spread of the
COVID-19.
Thomas G. Caldwell, President and Chief Executive Officer,
stated: “As we deal with the effects of the COVID-19 pandemic, the
trust of our customers and communities is now more important than
ever. Middlefield’s management team is closely monitoring and
proactively mitigating a number of risks related to COVID-19.
As a result, we are making the appropriate adjustments at our
branch locations.”
Mr. Caldwell continued: “Your money is secure, and Middlefield’s
bankers, branches, and customer service teams are available and
committed to help. However, for the safety of our customers
and employees, beginning Monday, March 23, 2020, we are temporarily
restricting walk-in transactions in our bank lobbies. We will
continue to provide updates as necessary at
www.middlefieldbank.bank.”
During this temporary period, customers can arrange appointments
for the purpose of opening deposit accounts, safe deposit box
access, business deposit services, loan applications, loan
closings, other loan officer transactions and any other banking
transaction which we can safely conduct. Please contact your
local branch to schedule an appointment for branch-related services
that require additional support. Hours, phone numbers and
information can be found at
www.middlefieldbank.bank/locations.
To assist customers with their banking needs, access is also
available by using the following:
- Drive-Thru access.
- Customer Support Center with expanded hours of 7:00 a.m. – 9:00
p.m. Monday through Friday and 8:00 a.m. through 1:00 p.m. on
Saturday.
- Online Banking at www.middlefieldbank.com available 24/7.
- Mobile Banking available 24/7.
- Night Depository.
- ATMs available at each banking office.
- Telephone Banking Easyline at 877-622-2794 to check account
balances, transfer between your accounts, and make MB loan
payments.
- Appointments available on weekdays for time sensitive banking
matters.
Middlefield Banc Corp., headquartered in
Middlefield, Ohio, is the bank holding company of The Middlefield
Banking Company with total assets of $1.18 billion at December 31,
2019. The bank operates 16 full-service banking centers and
an LPL Financial® brokerage office serving Beachwood, Chardon,
Cortland, Dublin, Garrettsville, Mantua, 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: |
Thomas G. CaldwellPresident/Chief
Executive OfficerMiddlefield Banc Corp.(440) 632-1666 Ext.
3200tcaldwell@middlefieldbank.com |
Andrew M. BergerManaging
DirectorSM Berger & Company, Inc. (216)
464-6400andrew@smberger.com |
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