Middlefield Banc Corp. Announces 2020 Third Quarter Cash Dividend Payment
11 August 2020 - 10:00PM
Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the
Company’s Board of Directors declared a quarterly cash dividend of
$0.15 per common share payable on September 15, 2020, to
shareholders of record on September 4, 2020. The quarterly dividend
has been adjusted to reflect the two-for-one stock split on
November 8, 2019.
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 $1.34 billion at June 30, 2020. 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) the effect of the
COVID-19 pandemic, including on our credit quality and business
operations, as well as its impact on general economic and financial
market conditions; (8) changes in the securities markets; or (9)
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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