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.