Middlefield Banc Corp. Announces 2022 Second Quarter Cash Dividend Payment
Middlefield Banc Corp. (NASDAQ: MBCN) has declared a quarterly cash dividend of $0.17 per common share, to be paid on June 15, 2022. Shareholders of record as of June 3, 2022 will receive this dividend. The bank holding company, with total assets of $1.32 billion as of March 31, 2022, operates 16 full-service banking centers and a brokerage office across several Ohio locations. The announcement reflects confidence in financial stability amidst a competitive banking landscape.
- Quarterly dividend of $0.17 per share demonstrates commitment to returning value to shareholders.
- Total assets of $1.32 billion indicate strong financial health.
- Potential risks from competitive pressures among financial institutions.
- Exposure to economic conditions and interest rate changes that could affect profitability.
MIDDLEFIELD, Ohio, May 10, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company’s Board of Directors declared a quarterly cash dividend of
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of
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: |
| James R. Heslop, II President/Chief Executive Officer Middlefield Banc Corp. (440) 632-1666 Ext. 3219 JHeslop@middlefieldbank.com | Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com |
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