Middlefield Banc Corp. (Nasdaq: MBCN) today announced that it ranked 42nd
in American Banker’s Annual List of the Top 200 Publicly Traded
Community Banks.
American Banker’s Annual List of the Top 200 Publicly Traded Community
Banks examined 684 publicly traded banks and thrifts with assets under
$2 billion and selected the top 200 based on their three year return on
average equity (ROAE). Middlefield Banc Corp., with an average ROAE over
the past three years of 11.99%, ranked 42nd on this year’s
list, down from 38th in 2015 and up from 63rd in
2014 and 104th in 2013. Of the 11 institutions in the state
of Ohio that made this year’s list, Middlefield Banc Corp. had the
fourth highest three-year average ROAE.
“We are proud to make American Banker’s list of the Top 200 public
community banks for the fourth consecutive year,” stated Thomas G.
Caldwell, Middlefield Banc Corp.’s President and Chief Executive
Officer. “Higher regulatory, compliance, personnel, and technology
costs, as well as the continued low interest rate environment make it
increasingly difficult for community banks across the country to improve
profitability. We have successfully maintained a high level of
profitability, as a result of our focus on stable, profitable growth,
and careful expense and risk management. We are grateful for the
dedication of all our stakeholders, and honored to once again be named
one of American Banker’s Top 200 publicly traded community banks.”
More information about the American Banker Top 200 can be found at www.americanbanker.com.
About Middlefield
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank
holding company with total assets of $732.9 million at March 31, 2016.
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. 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.
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