Management will Ring The Nasdaq Stock Market Closing Bell on April 28
MIDDLEFIELD, Ohio--(BUSINESS WIRE)--
Middlefield Banc Corp. (Nasdaq: MBCN) today announced that it was added
to KBW’s coveted Bank Honor Roll of superior performers. In addition, to
celebrate recent operating and financial milestones, members of
Middlefield’s management team and Board of Directors will participate in
The Nasdaq Stock Market Closing Bell Ceremony on Tuesday, April 28,
2015, at the Nasdaq MarketSite in New York’s Times Square.
Thomas G. Caldwell, Middlefield Banc Corp.’s President and Chief
Executive Officer, stated: “I am pleased with the many operating and
financial milestones we achieved in 2014, which included ending the year
with record net loans outstanding, net income, and stockholders’ equity.
We continue to be acknowledged for our strong level of profitability,
which at its heart, is driven by the Bank’s focus on providing our
communities with valuable financial services and answering the personal
needs of our customers. To be one of the 25 banking institutions, out of
nearly 400 total companies screened for the KBW Honor Roll is a great
honor for Middlefield. We are excited to celebrate our recent
accomplishments and share them with the world when we ring the closing
bell at the Nasdaq MarketSite in Times Square at 4:00 p.m. ET on April
28.”
The Nasdaq Stock Market Closing Bell Ceremony
To celebrate Middlefield’s September 2014 listing on The Nasdaq Capital
Market as well as recent operating and financial milestones, members of
Middlefield’s management team and Board of Directors will participate in
the closing bell ceremony at 4:00 p.m. ET on Tuesday, April 28 2015. For
updates on the event and to watch the event live, visit https://new.livestream.com/nasdaq/live.
KBW’s Bank Honor Roll
KBW, a full-service, boutique investment bank and broker-dealers that
specializes in the financial services sector, selected Middlefield Banc
Corp. as one of 25 U.S. banking institutions to its coveted “Bank Honor
Roll” of superior performers.
Honor Roll winners are publicly traded banking institutions with more
than $500 million in total assets that meet the following three
conditions:
-
No annual loss reported in net income per share before extraordinary
items over the past 10 years;
-
2014 annual reported net income per share before extraordinary items
equal to or greater than peak net income per share over the past 10
years; and
-
Consecutive increases in net income per share before extraordinary
items since 2009.
KBW found that 25 banking institutions, out of nearly 400 total
companies screened, now qualify for inclusion on the KBW Bank Honor
Roll; down from 31 institutions in the prior year.
“The Bank Honor Roll is a way for KBW to acknowledge companies that have
succeeded during what was a very challenging decade for banks,” noted
Fred Cannon, Global Director of Research at KBW.
“These institutions have flourished by differentiating themselves from
their peers, while at the same time, positioning themselves for further
growth in what continues to be a difficult rate environment,” continued
Mr. Cannon.
About Middlefield
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank
holding company with total assets of $677.5 million at December 31,
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.
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.
Company Contact:
Middlefield Banc Corp.
Thomas G.
Caldwell, President/Chief Executive Officer, 440-632-1666 Ext. 3200
tcaldwell@middlefieldbank.com
www.middlefieldbank.com
or
Investor
and Media Contact:
SM Berger & Company, Inc.
Andrew M.
Berger, Managing Director, 216-464-6400
andrew@smberger.com
Source: Middlefield Banc Corp.