MIDDLEFIELD, OHIO The Middlefield Banking Company today announced the election of Robert W. Toth to its Board of Directors, effective immediately. Mr. Toth retired in 2007 as the President of Gold Key Processing, Ltd., headquartered in Middlefield. Committee assignments for Mr. Toth have not yet been determined.
Thomas G. Caldwell, President and Chief Executive Officer of The Middlefield Banking Company, said, “We are very pleased to welcome Bob Toth to our Board of Directors. With his broad experience in manufacturing and service to his community, Bob brings valuable perspectives to our Board. We look forward to working with him.”
Mr. Toth, a resident of Munson Township in Geauga County, is a cum laude graduate of Ohio University with a B.B.A. in accounting. Prior to joining Gold Key, he was Vice President – Finance and Administration for Burton Rubber Processing, Inc. Having begun his career with Amsted Industries in Chicago, Mr. Toth has held progressively responsible positions with Warner and Swasey Co. and Missouri Portland Cement Co. He has a long record of community service and presently sits on the Financial Advisory Board of the DDC Clinic for Special Needs Children in Middlefield.
“The Middlefield Banking Company has a reputation for delivering high quality customer service. This is an exciting opportunity and I’m looking forward to working with the board of directors and the entire bank team in supporting the company’s overall goals and operations,” stated Toth.
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 $385 million. The bank operates seven full service banking centers and a LPL Financial brokerage office serving Chardon, Garrettsville, Mantua, Middlefield, Newbury and Orwell, Ohio. The company also maintains a loan production office in Cortland, 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.