MIDDLEFIELD, OHIO The Middlefield Banking Company today announced that it has retained the services of Dennis E. Linville as Senior Vice President/Area Executive. With over 30 years of banking experience in northeastern Ohio communities, Linville will be responsible with the development of a market presence for the bank in Trumbull County.
“Dennis is the ideal candidate to lead our expansion efforts,” said Thomas G. Caldwell, President and CEO of The Middlefield Banking Company. “As a highly respected and well-known member of the Trumbull County market, Dennis clearly understands the needs of that community. His career-long efforts in financial services provides him with the knowledge necessary to address those needs.”
Linville has held positions in all aspects of bank management on both the operations and lending sides. He also has extensive business development experience and continues his service on various community organizations within the market area. He holds an undergraduate degree from Mount Union College and a Masters degree from Kent State University. Additionally, Linville has been active in Cortland City government since 1978, including his current position as a member of City Council.
“I am excited by the opportunities ahead,” said Linville. “The Middlefield Banking Company is committed to offering the highest level of community banking services and I am pleased to be able to apply my experience to support the company’s overall goals and operations.”
The initial market entry for the bank will be a Loan Production Office, which is being established at 130 Windsor Drive, Cortland. A full service banking office will be developed and is anticipated to open within the next 18 months.
The Middlefield Banking Company is the operating subsidiary of Middlefield Banc Corp. (Pink Sheets: MBCN). Headquartered in Middlefield, Ohio, the company has assets in excess of $325 million. The bank operates full service banking centers and a LPL Financial brokerage office serving Chardon, Garrettsville, Mantua, Middlefield, and Orwell, Ohio. A banking office is presently under construction in Newbury, Ohio, with an expected opening late in the fourth quarter of 2006.
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.