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 15, 2009, to shareholders of record on November 30, 2009. This cash dividend represents an amount equal to that paid in the fourth quarter of 2008. For the full year of 2009, the total cash dividend will total $1.04 per share.
Thomas G. Caldwell, President and Chief Executive Officer of Middlefield, commented, “The decision to declare a cash dividend for the fourth quarter is evidence of our financial strength and profitability, as well as our commitment to reward our shareholders for the confidence that they have shown in Middlefield Banc Corp.”
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a financial holding company with total assets in excess of $517 million. 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. The company also serves the central Ohio market through its Emerald Bank subsidiary, with offices in Dublin and Westerville, Ohio. 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.