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Middlefield Banc Corp. Announces Third Quarter Dividend

Middlefield Banc Corp. 2003 Press Releases

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Contact Info: James R. Heslop, 2nd
Executive Vice President/Chief Operating Officer
440.632.1666 Ext. 3219
Date: August 13, 2003

MIDDLEFIELD, OHIO  Middlefield Banc Corp. (Pink Sheets: MBCN) today announced that the company’s board of directors declared a quarterly cash dividend of $0.21 per common share payable on September 12, 2003, to shareholders of record on September 4, 2003. This dividend represents a 10.53% increase over the dividend paid by Middlefield Banc Corp. in the third quarter of 2002.

Middlefield Banc Corp. and The Middlefield Banking Company are headquartered in Middlefield, Ohio. With assets in excess of $250 million, the bank operates full service banking centers and a LPL Financial brokerage office serving Chardon, Garrettsville, Mantua, Middlefield, and Orwell, Ohio.

This announcement contains forward-looking statements that involve risk and uncertainties, including changes in general economic and financial market conditions and the Company’s ability to execute its business plans. Although management believes the expectations reflected in such statements are reasonable, actual results may differ materially.