The Middlefield Banking Company Enhances Leadership Team to Support Continued Growth
04 Januar 2024 - 2:00PM
The Middlefield Banking Company, a wholly owned subsidiary of
Middlefield Banc Corp. (NASDAQ: MBCN), today announced enhancements
to its leadership team to support the Company’s growth across its
Central, Western, and Northeast Ohio markets. Rebecca Noblit has
been promoted to Chief Credit Officer, succeeding Alfred F.
Thompson Jr. who will retire from the Company on February 1, 2024.
In addition, Michael Cheravitch has joined The Middlefield Banking
Company as Chief Banking Officer.
Ronald L. Zimmerly, Jr., President, and Chief Executive Officer,
stated, “I am thrilled to welcome both Becca and Mike to our
executive team, as we remain focused on developing talent from
within the Company and attracting leading bankers from outside our
organization. Becca has a long track record within the Bank and
knows our organization and customers well. Mike brings an
impressive resume with deep expertise across Commercial, Business,
and Consumer Banking. Their collective experience and thoughtful
leadership will serve our customers, teammates, shareholders, and
communities well.”
Mr. Zimmerly added, “I also want to thank Al for his 27 years of
dedication and service to the Bank. On behalf of everyone at
Middlefield, I wish Al all the best in his well-deserved
retirement.”
Rebecca Noblit Promoted to Chief Credit Officer
As Chief Credit Officer, Noblit will be responsible for leading the
Company’s credit administration and loan administration programs.
Noblit joined Middlefield as part of the December 2022 Liberty
National Bank acquisition, and most recently served as
Middlefield’s Credit Administration, Senior Vice President. Noblit
served as Liberty National Bank’s Chief Credit Officer, Senior Vice
President from September 2017 to November 2022. Prior to this,
Noblit held roles at Delaware County Bank, Huntington National
Bank, and Fifth Third Bank. She has a Bachelor of Science in
Business Administration from The Ohio State University and a Master
of Business Administration from Ohio Dominican University.
Michael Cheravitch Named Chief Banking
OfficerAs Chief Banking Officer, Cheravitch will oversee
all Commercial, Business, and Consumer banking channels, including
digital banking, the retail branch network and call center, along
with consumer lending, and residential mortgage. Cheravitch joins
Middlefield from F.N.B. Corporation where he spent four years as
SVP Regional Banking Executive. His career spans over 35 years of
banking experience, including leadership roles at F.N.B.
Corporation, The Cornerstone Fund, Huntington National Bank,
FirstMerit Bank, Citizens Financial Group, Charter One Bank, Bank
One, and KeyBank. He has a Bachelor of Business Administration and
Master of Business Administration from Cleveland State
University.
About Middlefield Banc
Corp.Middlefield Banc Corp., headquartered in Middlefield,
Ohio, is the bank holding company of The Middlefield Banking
Company, with total assets of $1.79 billion at September 30, 2023.
The Bank operates 21 full-service banking centers and an LPL
Financial® brokerage office serving Ada, Beachwood, Bellefontaine,
Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua,
Marysville, Middlefield, Newbury, Orwell, Plain City, Powell,
Solon, Sunbury, Twinsburg, and Westerville. The Bank also operates
a Loan Production Office in Mentor, Ohio.
Additional information is available at
www.middlefieldbank.bank
FORWARD-LOOKING STATEMENTSThis press
release of Middlefield Banc Corp. and the reports Middlefield Banc
Corp. files with the Securities and Exchange Commission often
contain "forward-looking statements" relating to present or future
trends or factors affecting the banking industry and, specifically,
the financial operations, markets and products of Middlefield Banc
Corp. These forward-looking statements involve certain risks and
uncertainties. There are a number of important factors that could
cause Middlefield Banc Corp.'s future results to differ materially
from historical performance or projected performance. These factors
include, but are not limited to: (1) a significant increase in
competitive pressures among financial institutions; (2) changes in
the interest rate environment that may reduce interest margins; (3)
changes in prepayment speeds, charge-offs and loan loss provisions;
(4) less favorable than expected general economic conditions; (5)
legislative or regulatory changes that may adversely affect
businesses in which Middlefield Banc Corp. is engaged; (6)
technological issues which may adversely affect Middlefield Banc
Corp.'s financial operations or customers; (7) changes in the
securities markets; or (8) risk factors mentioned in the reports
and registration statements Middlefield Banc Corp. files with the
Securities and Exchange Commission. Middlefield Banc Corp.
undertakes no obligation to release revisions to these
forward-looking statements or to reflect events or circumstances
after the date of this press release.
Company
Contact: |
Investor and Media
Contact: |
Ronald L. Zimmerly, Jr.President
and Chief Executive OfficerMiddlefield Banc Corp.(419) 673-1217
rzimmerly@middlefieldbank.com |
Andrew M. BergerManaging
DirectorSM Berger & Company, Inc. (216)
464-6400andrew@smberger.com |
Photos accompanying this announcement are available at
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