Middlefield Banc Corp. Announces Retirement of Darryl E. Mast from Board of Directors
Middlefield Banc Corp. (NASDAQ: MBCN) announced the retirement of Darryl E. Mast from its Board of Directors, effective May 14, 2025. Mast, who joined The Middlefield Banking Company's Board in 2011 and became a Director of Middlefield Banc Corp. in 2013, has been recognized for his leadership and contributions to the company's success. Following his departure, the Board will operate with 11 members, as his position will not be replaced.
Middlefield Banc Corp. (NASDAQ: MBCN) ha annunciato il pensionamento di Darryl E. Mast dal suo Consiglio di Amministrazione, con effetto dal 14 maggio 2025. Mast, che è entrato a far parte del Consiglio della Middlefield Banking Company nel 2011 e ha assunto il ruolo di Direttore di Middlefield Banc Corp. nel 2013, è stato riconosciuto per la sua leadership e il contributo al successo dell'azienda. Dopo la sua uscita, il Consiglio opererà con 11 membri, poiché la sua posizione non sarà sostituita.
Middlefield Banc Corp. (NASDAQ: MBCN) anunció la jubilación de Darryl E. Mast de su Junta Directiva, efectiva a partir del 14 de mayo de 2025. Mast, quien se unió a la Junta de The Middlefield Banking Company en 2011 y se convirtió en Director de Middlefield Banc Corp. en 2013, ha sido reconocido por su liderazgo y aportes al éxito de la empresa. Tras su salida, la Junta funcionará con 11 miembros, ya que su puesto no será reemplazado.
Middlefield Banc Corp. (NASDAQ: MBCN)는 2025년 5월 14일부로 Darryl E. Mast가 이사회에서 은퇴한다고 발표했습니다. Mast는 2011년 The Middlefield Banking Company 이사회에 합류했으며 2013년 Middlefield Banc Corp. 이사로 임명되어 회사의 성공에 기여한 리더십으로 인정받았습니다. 그의 퇴임 후 이사회는 11명으로 운영되며, 그의 자리는 채워지지 않을 예정입니다.
Middlefield Banc Corp. (NASDAQ : MBCN) a annoncé la retraite de Darryl E. Mast de son conseil d'administration, effective à compter du 14 mai 2025. Mast, qui a rejoint le conseil de The Middlefield Banking Company en 2011 et est devenu administrateur de Middlefield Banc Corp. en 2013, a été reconnu pour son leadership et ses contributions au succès de l'entreprise. Après son départ, le conseil fonctionnera avec 11 membres, sa position ne sera pas remplacée.
Middlefield Banc Corp. (NASDAQ: MBCN) gab den Rücktritt von Darryl E. Mast aus dem Vorstand bekannt, wirksam ab dem 14. Mai 2025. Mast, der 2011 in den Vorstand der Middlefield Banking Company eingetreten ist und 2013 Direktor von Middlefield Banc Corp. wurde, wurde für seine Führungsqualitäten und seinen Beitrag zum Erfolg des Unternehmens anerkannt. Nach seinem Ausscheiden wird der Vorstand mit 11 Mitgliedern arbeiten, da seine Position nicht nachbesetzt wird.
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MIDDLEFIELD, Ohio, May 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced the retirement of Darryl E. Mast from its Board of Directors, effective May 14, 2025.
Mr. Mast joined the Middlefield Banking Company’s Board of Directors in 2011 and has been a Director of Middlefield Banc Corp. since 2013. His leadership, insight, and expertise have been integral to the success of Middlefield Banc Corp. and The Middlefield Banking Company, and his contributions have left a lasting impact.
"We are grateful for Darryl's unwavering commitment to the Bank," stated Ronald L. Zimmerly, Jr., President and Chief Executive Officer. "His leadership has been instrumental in shaping the Bank's growth, and we will certainly miss his valuable perspective. On behalf of everyone at the Bank, we wish him nothing but the best as he begins his next chapter."
Following Mr. Mast’s retirement, his position on the Board will not be replaced, and the number of directors will be fixed at 11 members.
About Middlefield Banc Corp.
Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of
Additional information is available at www.middlefieldbank.bank
FORWARD-LOOKING STATEMENTS
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: | Investor and Media Contact: |
| Ron Zimmerly President and Chief Executive Officer Middlefield Banc Corp. (419) 673-1217 RZimmerly@middlefieldbank.com | Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com |
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