Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the company’s
board of directors has declared a quarterly cash dividend of $0.26 per
common share payable on December 15, 2014, to shareholders of record on
December 1, 2014.
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank
holding company with total assets of $680.3 million at September 30,
2014. The bank operates 10 full service banking centers and an LPL
Financial® brokerage office serving Chardon, Cortland, Dublin,
Garrettsville, Mantua, Middlefield, Newbury, Orwell, and Westerville.
Additional information is available at www.middlefieldbank.com.
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.
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