Jennifer Moeller Elected to the Board of Directors of The Middlefield Banking Company

Rhea-AI Summary

Middlefield Banc Corp. (NASDAQ: MBCN) announced the election of Jennifer Moeller to its Board of Directors, effective December 13, 2021. Moeller brings a blend of marketing and strategic planning experience, having held significant roles in various sectors, including banking and consumer goods. Her background includes leadership at MECA Software and The BankMart, along with entrepreneurial experience from her floral business. The company reported total assets of $1.37 billion as of September 30, 2021, operating 16 banking centers across multiple Ohio locations.

Positive

• Jennifer Moeller's appointment is expected to enhance the Board's strategic focus and marketing strengths.
• Moeller's diverse experience could bring fresh perspectives to the company's operations.

Negative

• No significant negative impacts were mentioned in the press release.

MIDDLEFIELD, Ohio, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) (“Middlefield”) today announced Jennifer Moeller has been elected to the Board of Directors of The Middlefield Banking Company. Ms. Moeller will join the Bank's Board on December 13, 2021.  

Thomas G. Caldwell, President and Chief Executive Officer, stated: “Jennifer’s unique mix of marketing, strategy, and small business experience will add considerable value to the Bank’s Board, and I look forward to her future contributions.”

Ms. Moeller has served in a variety of roles with deep experience in strategic planning and marketing for consumer goods, personal financial software, start-ups and retail banking. She currently sits on the investment committee for North Coast Ventures, and is an active early stage investor. Previously, Ms. Moeller started and ran a floral business, Hensbury Farm, for more than 15 years and also served in leadership roles with MECA Software and The BankMart after beginning her career in packaged goods marketing with Procter and Gamble in Cincinnati, Ohio. Ms. Moeller is a graduate of Miami University with a Bachelor of Science Degree in Marketing and also earned a Master’s Certificate from The National School of Banking at Fairfield University.

Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of $1.37 billion at September 30, 2021. 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) the effect of the COVID-19 pandemic, including on our credit quality and business operations, as well as its impact on general economic and financial market conditions; (8) changes in the securities markets; or (9) 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.

Company Contact:	Investor and Media Contact:
Thomas G. Caldwell President/Chief Executive Officer Middlefield Banc Corp. (440) 632-1666 Ext. 3200 tcaldwell@middlefieldbank.com	Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com

FAQ

When will Jennifer Moeller join the Board of Middlefield Banc Corp.?

Jennifer Moeller will join the Board of Middlefield Banc Corp. on December 13, 2021.

What experience does Jennifer Moeller bring to Middlefield Banc Corp.?

Jennifer Moeller has extensive experience in marketing, strategic planning, and banking, having held roles in various sectors and previously running her own floral business.

What is the total asset value of Middlefield Banc Corp. as of September 30, 2021?

Middlefield Banc Corp. reported total assets of $1.37 billion as of September 30, 2021.

Who is Thomas G. Caldwell in relation to Middlefield Banc Corp.?

Thomas G. Caldwell is the President and CEO of Middlefield Banc Corp.

What is the significance of Jennifer Moeller's election to the Board for MBCN investors?

Jennifer Moeller's election is seen as a positive development that may strengthen the board's expertise and strategic direction, benefitting MBCN investors.