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Banking Watch: Middlefield To Pay 26 Cents Per Share

August 12, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Middlefield Banc Corp. (OTC: MBCN) said that the company's board of directors has declared a quarterly cash dividend of $0.26 per common share, payable on September 15, 2010, to shareholders of record on August 31, 2010. The cash dividend represents an amount equal to what Middlefield paid in the prior two quarters of 2010 as well as the amount paid during the third quarter of 2009. 

Ohio-based Middlefield Banc is a financial holding company whose subsidiary, The Middlefield Banking Co., 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.

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