15985 East High Street
P. O. Box 35
Middlefield, Ohio 44062
Phone: 440/632-1666 FAX: 440/632-1700
||James R. Heslop, 2nd
Executive Vice President/Chief Operating Officer
(440) 632-1666 Ext. 3219
Middlefield Banc Corp. Announces First Quarter 2011 Cash Dividend
MIDDLEFIELD, OHIO, February 15, 2011 ¨¨¨¨
Middlefield Banc Corp. (OTCQB:
MBCN) today announced that the companys board of directors has declared a quarterly cash dividend
of $0.26 per common share payable on March 15, 2011, to shareholders of record on March 4, 2011.
This is equal to the cash dividend paid in the first quarter of last year.
In making the announcement of the dividend, MBCN President and CEO Thomas G. Caldwell stated that
the Form 8-K filed today announcing a reduction of $251,000 or $0.16 per share from the amounts
reported in its earlier Earnings Release on January 26th did not alter the decision of
the Board in making the declaration of the cash dividend. Our financial plan for 2011 continues
to reflect strong earnings potential. We remain confident of our ability to generate returns
sufficient to reward our shareholders for their continued trust.
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a financial holding company with
total assets in excess of $632 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
This announcement contains forward-looking statements that involve risk and uncertainties,
including changes in general economic and financial market conditions and the Companys ability to
execute its business plans. Although management believes the expectations reflected in such
statements are reasonable, actual results may differ materially.