Question 1

What is Middlefield Bank?

Accepted Answer

Middlefield Bank is a community-focused financial institution with approximately $2 billion in assets, operating 21 full-service banking centers and an LPL Financial brokerage office across northeastern, central, and western Ohio. Headquartered in Middlefield, Ohio, the bank serves 19 communities with a commitment to "people helping people" through customer respect, friendliness, and professionalism.

As part of Middlefield Banc Corp., a publicly-traded bank holding company, Middlefield Bank combines the resources of a substantial institution with the personal service and local decision-making of a community bank.

Question 2

When was Middlefield Bank founded?

Accepted Answer

Middlefield Bank was founded in 1901 as The Middlefield Banking Company with $25,000 in capital, established by a group of local businessmen who recognized the need for a local community bank in Middlefield, Ohio. The bank opened its doors on September 16, 1901, to serve the financial needs of what was then a small Ohio community.

In 1988, Middlefield Banc Corp. was established as the holding company for The Middlefield Banking Company. Despite substantial growth over more than 120 years, the institution has had only nine presidents in its entire history, promoting continuous dedication to consistent banking principles and community service values.

The bank celebrated its 120th anniversary in September 2021.

Question 3

Where is Middlefield Bank headquartered?

Accepted Answer

Middlefield Bank is headquartered at 15985 East High Street in Middlefield, Ohio, in Geauga County. Middlefield, located in northeastern Ohio, has been the bank's home since its founding in 1901.

The headquarters location reflects the bank's ongoing commitment to its founding community while supporting operations across a much broader Ohio footprint.

Question 4

Where does Middlefield Bank operate?

Accepted Answer

Middlefield Bank operates throughout northeastern, central, and western Ohio, serving 19 communities across 10 counties including Cuyahoga, Delaware, Franklin, Geauga, Hardin, Lake, Logan, Trumbull, Union, and Wyandot counties. Branch locations include Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westerville.

The bank operates a Loan Production Office in Mentor, Ohio. The bank's expansion from its original single location in 1901 to 21 full-service centers reflects strategic growth through both organic development and acquisitions, including the 2017 acquisition of Liberty Bancshares, Inc., which expanded Middlefield's presence into central Ohio.

Question 5

What services does Middlefield Bank offer?

Accepted Answer

Middlefield Bank offers comprehensive personal banking services including checking accounts, savings accounts, certificates of deposit, individual retirement accounts, and consumer loans. Business banking services include commercial checking and savings accounts, business loans, treasury management, cash management, and merchant services.

The bank provides specialized lending including commercial real estate loans, agricultural lending, residential mortgages, home equity lines of credit, and business equipment financing. Wealth management and investment services are available through TNB Financial Services, the bank's LPL Financial brokerage office, offering financial planning, investment management, trust services, and estate planning.

Digital banking capabilities include online banking, mobile banking apps, online bill pay, and electronic funds transfer. The bank emphasizes competing with larger institutions in service quality while maintaining a friendly hometown feel.

Question 6

What makes Middlefield Bank unique?

Accepted Answer

Middlefield Bank distinguishes itself through exceptional continuity, having had only nine presidents in over 120 years of operation, fostering consistent dedication to doing the right things day in and day out. The bank's core values, represented by the acronym S.P.I.R.I.T. (Service, Purpose, Integrity, Respect, Initiative, Teamwork), guide daily operations and customer interactions.

With solid financial performance reflected in an ROE of 11.77% and ROA of 1.35%, the bank demonstrates strength while maintaining community banking principles. The institution's expansion across multiple Ohio regions while preserving local decision-making and personalized service exemplifies successful community bank growth.

The bank's public ownership through Middlefield Banc Corp. (NASDAQ: MBCN) provides access to capital markets while maintaining community bank culture and values. The bank's commitment to supporting Fall festivals, community events, and local businesses throughout Ohio demonstrates authentic community integration beyond traditional banking relationships.

Question 7

What type of financial institution is Middlefield Bank?

Accepted Answer

Middlefield Bank, operating as The Middlefield Banking Company, is a State Bank chartered in Ohio and regulated by the Federal Deposit Insurance Corporation and the Ohio Division of Financial Institutions. As a state-chartered community bank, the institution operates under Ohio banking laws while maintaining federal deposit insurance protection.

The bank is supervised by the Board of Governors of the Federal Reserve System through its parent holding company structure. Its classification as a community bank emphasizes relationship banking, local market expertise, and personalized service tailored to individual community needs across its Ohio markets.

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