Middlefield Banc Corp. (MBCN)

21.47 -0.49 (-2.23%) At close: 04:00PM EDT

Middlefield Banc Corp.

15985 East High Street
P.O. Box 35
Middlefield, OH 44062-0035
United States
440 632 1666
https://www.middlefieldbank.bank

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 256

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Ronald L. Zimmerly Jr.	CEO, President & Non-Independent Director	539.7k	N/A	1965
Mr. Michael C. Ranttila	Senior VP & CFO	419.05k	N/A	1974
Mr. Andrew M. Berger	Managing Director, SM Berger & Company, Inc.	N/A	N/A	N/A
Ms. Sarah Winters	Senior VP & Chief Human Resource Officer	N/A	N/A	N/A
Ms. Julie E. Shaw	Secretary	N/A	N/A	N/A
Ms. Teresa M. Hetrick	Assistant Corporate Secretary	N/A	N/A	1963
Mr. Thomas Hart	Financial Consultant	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It offers checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks. The company also provides operational and working capital, term business, residential construction, professional, and residential and mortgage loans, as well as consumer installment loans for home improvements, automobiles, boats, and other personal expenditures; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and agricultural loans. In addition, the company resolves and disposes troubled assets in Ohio. Further, it offers official checks, money orders, and ATM services, as well as IRA accounts; online banking and bill payment services to individuals; and online cash management services to business customers. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.

Corporate governance

Middlefield Banc Corp.’s ISS governance QualityScore as of 29 April 2024 is 5. The pillar scores are Audit: 8; Board: 3; Shareholder rights: 7; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.