MIDDLEFIELD, OHIO Middlefield Banc Corp. (Pink Sheets: MBCN) today announced that the company’s board of directors has declared a quarterly cash dividend of $0.26 per common share payable on December 12, 2008, to shareholders of record on November 28, 2008. This cash dividend represents a 6.1% increase over the dividend paid by Middlefield Banc Corp. in the fourth quarter of 2007.
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a financial holding company with over $454 million in assets. Its subsidiary, The Middlefield Banking Company, operates full service banking centers and a UVEST Financial Services® brokerage office serving Chardon, Cortland, Garrettsville, Mantua, Middlefield, Newbury and Orwell, Ohio. It also serves the central Ohio market through Emerald Bank, with offices in Dublin and Westerville. Additional information is available at www.middlefieldbank.com and www.emeraldbank.com.
This announcement contains forward-looking statements that involve risk and uncertainties, including changes in general economic and financial market conditions and the Company’s ability to execute its business plans. Although management believes the expectations reflected in such statements are reasonable, actual results may differ materially.