Middlefield Banc Corp. (NASDAQ: MBCN) today announced that on December
1, 2014 the company was added to the ABA NASDAQ Community Bank Index
(ABAQ).
At December 1, 2014, the ABAQ included 373 community banks with more
than $190 billion in market capitalization. Launched in 2003, the index
is the most broadly representative stock index for community banks and
includes all banks and savings associations or their holding companies
listed on the NASDAQ, with the exception of any of the 50 largest bank
and thrift charters based on asset size, banks classified as having an
"international specialization" and banks classified as having a "credit
card specialization."
Thomas G. Caldwell, President and Chief Executive Officer, stated,
“Middlefield began trading on the NASDAQ Capital Market on September 10,
2014 and we are encouraged by our addition to the ABAQ. We have achieved
many operating and financial milestones throughout 2014 as we position
the company for the future. Becoming a part of the ABA Index increases
Middlefield’s visibility and is a benchmark for our success.”
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 all in Ohio 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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