Middlefield Banc Corp. Announces 2020 First-Quarter Cash Dividend Payment
February 11 2020 - 1:00PM
Business Wire
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 March 13, 2020, to shareholders
of record on March 4, 2020. The quarterly dividend has been
adjusted to reflect the two-for-one stock split on November 8,
2019, and is a 7.1% increase compared with the 2019 first-quarter
payment.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200211005830/en/
Company Contact: Thomas G. Caldwell President/Chief
Executive Officer Middlefield Banc Corp. (440) 632-1666 Ext. 3200
tcaldwell@middlefieldbank.com
Investor and Media Contact: Andrew M. Berger Managing
Director SM Berger & Company, Inc. (216) 464-6400
andrew@smberger.com
Middlefield Banc (NASDAQ:MBCN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Middlefield Banc (NASDAQ:MBCN)
Historical Stock Chart
From Apr 2023 to Apr 2024