Middlefield Banc Corp. (NASDAQ:MBCN) Files An 8-K Other Events
Item 8.01 Other Events.

As previously announced, to an Agreement and Plan of Reorganization, dated as of July 28, 2016, by and among Middlefield Banc Corp. (the “Company”), MBC Interim Bank, The Middlefield Banking Company, and Liberty Bank, N.A. (the “Agreement and Plan of Reorganization”), Liberty Bank, N.A. will merge into The Middlefield Banking Company, which is the Company’s wholly owned bank subsidiary (the “Merger”). As previously disclosed, consummation of the Merger is subject to certain closing conditions, including the receipt of required regulatory approvals. Such regulatory approvals include approval by the Ohio Division of Financial Institutions (the “ODFI”), of the formation of MBC Interim Bank and the Merger, and of the payment by The Middlefield Banking Company of a special dividend to the Company in the amount of approximately $9.0 million. We received ODFI approval of the special dividend on December 28, 2016, and ODFI approval of the formation of MBC Interim Bank and of the Merger on January 6, 2017. Accordingly, we have received all required regulatory approvals with respect to the Merger.

Important Additional Information.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This report contains statements relating to a proposed acquisition by the Company of Liberty Bank, N.A. that is the subject of a joint proxy statement/prospectus included in an amendment to the Company’s Registration Statement on Form S-4 filed with the Securities and Exchange Commission (the “SEC”) on November 22, 2016.

This report is not a substitute for the joint proxy statement/prospectus or any other document that the Company has filed or may file with the SEC or that the Company has sent or may send to its stockholders in connection with the Merger and its board of directors’ solicitation of proxies in connection therewith. Investors and stockholders are urged to read the joint proxy statement/prospectus and all other relevant documents that have been or may be filed with the SEC or sent to stockholders, including the final joint proxy statement/ prospectus, as they become available because they contain and will contain important information about the proposed merger. Investors and security holders may obtain free copies of the registration statement and the joint proxy statement/prospectus and other documents filed with the SEC by Middlefield (when available) through the web site maintained by the SEC at www.sec.gov.

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the proposed transaction. Information regarding the Company’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, its annual proxy statement filed with the SEC on April 4, 2016, and Current Report on Form 8-K filed by The Company with the SEC on July 28, 2016 in connection with the proposed transaction. A more complete description is available in the definitive joint proxy statement/prospectus filed by The Company with the SEC on November 22, 2016. You may obtain free copies of these documents as described in the preceding paragraph.

About Middlefield Banc Corp. (NASDAQ:MBCN)

Middlefield Banc Corp. is a bank holding company. The Company’s subsidiaries include The Middlefield Banking Company (MBC) and EMORECO Inc. MBC is engaged in the general commercial banking business in northeastern and central Ohio. MBC offers customers a range of banking services, including checking, savings, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities and travelers’ checks. MBC offers online banking and bill payment services to individuals, and online cash management services to business customers through its Website at www.middlefieldbank.com. EMORECO engages in the resolution and disposition of troubled assets in central Ohio. MBC’s loan products include operational and working capital loans, loans to finance capital purchases, term business loans, residential construction loans, selected guaranteed or subsidized loan programs for small businesses, and consumer installment loans.

Middlefield Banc Corp. (NASDAQ:MBCN) Recent Trading Information

Middlefield Banc Corp. (NASDAQ:MBCN) closed its last trading session down -0.21 at 38.50 with 914 shares trading hands.