Welcome to our dedicated page for Middlefield Banc news (Ticker: MBCN), a resource for investors and traders seeking the latest updates and insights on Middlefield Banc stock.
Middlefield Banc Corp. was an Ohio bank holding company for The Middlefield Banking Company before its completed merger into Farmers National Banc Corp.; Middlefield Bank was subsequently merged into The Farmers National Bank of Canfield. Company news for MBCN centers on the former banking franchise, including operating and financial results, cash dividend declarations, shareholder voting and governance matters, and the completed corporate transaction that ended Middlefield's separate public-company status.
Middlefield Banc Corp. (NASDAQ: MBCN) will join the Russell 3000 Index effective June 29, 2020. This milestone underscores the success of its strategic plan, with $100 invested in MBCN yielding a total return of $277 since 2009, outperforming the Nasdaq Bank Index. The Russell 3000 includes the 4,000 largest U.S. stocks, enhancing visibility among investors and aiding long-term value creation. Russell indexes serve as benchmarks for $9 trillion in assets, and MBCN's inclusion signifies important recognition in the investment community.
Middlefield Banc Corp. (NASDAQ: MBCN) has declared a quarterly cash dividend of $0.15 per common share, payable on June 15, 2020, for shareholders of record on June 4, 2020. The adjustment accounts for a two-for-one stock split that took place on November 8, 2019. Headquartered in Middlefield, Ohio, the company reported total assets of $1.21 billion as of March 31, 2020, and operates 16 full-service banking centers along with a Loan Production Office in Mentor, Ohio.