Market Overview

The Middlefield Banking Company Announces the Grand Opening of a New Location in Powell, Ohio


The Middlefield Banking Company, a wholly owned subsidiary of
Middlefield Banc Corp. (NASDAQ:MBCN), today announced the grand opening
of its newest location in Powell, Ohio. Powell is the company's 15th
full-service banking center and fourth in the Central Ohio region.

"I am excited to announce The Middlefield Banking Company's newest
Central Ohio location," said Charles Moore, President of the Central
Ohio Region of The Middlefield Banking Company. "Powell is an ideal
location for us to expand due to its growth and we look forward to
providing customer-centric, community-focused banking services to the
area's local residents and businesses."

The new 2,800-square foot facility is located off of Sawmill Parkway in
Powell. The facility is designed to make the customer's banking
experience quick and easy, while offering security and privacy. The new
branch will feature three drive-through lanes to provide customers the
ability to conveniently and efficiently do their banking. Creating a
family-friendly environment for customers with children, the Powell
branch offers a designated area for children inside the lobby. The
Middlefield Banking Company currently has Central Ohio branches in
Dublin, Powell, Sunbury and Westerville.

Thomas G. Caldwell, President and Chief Executive Officer stated,
"Central Ohio is an important component of Middlefield's business model
and over the past two years we have added two new locations and
increased the number of associates by 50%. This has contributed to a 27%
increase in deposits and 49% growth in loans over the last two years
within the Central Ohio Region. We look forward to additional
opportunities to grow our presence in this compelling market."

Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank
holding company of The Middlefield Banking Company with total assets of
$1.2 billion at June 30, 2018. The bank operates 15 full-service banking
centers and an LPL Financial® brokerage office serving
Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua,
Middlefield, Newbury, Orwell, Powell, Solon, Sunbury, Twinsburg, and
Westerville. The Bank also operates a Loan Production Office in Mentor,
Ohio. Additional information is available at

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.
forward-looking statements involve certain risks and uncertainties.
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.

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial