Middlefield Banc Corp. (MBCN) to Merge with Liberty Bancshares (LBSI)
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Middlefield Banc Corp. and Liberty Bancshares, Inc. Announce Merger
May 26, 2022 4:05 PM EDTIncreases Middlefields asset base approximately 33% to $1.8 billionExpected to be accretive to earnings per share in year oneEarn back of tangible book value dilution in approximately three years
MIDDLEFIELD, Ohio and ADA, Ohio, May 26, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (Middlefield, or the Company) (NASDAQ: MBCN), the bank holding company for The Middlefield Banking Company, and Liberty Bancshares, Inc. (OTC Markets: LBSI) (Liberty), the holding company for Liberty National Bank, jointly announced today that they have entered into an Agreement and Plan of Reorganization... More
