The Middlefield Banking Company Announces Promotions
14 April 2022 - 2:00PM
The Middlefield Banking Company (NASDAQ: MBCN) today announced the
Company has promoted Alfred F. Thompson Jr. to Executive Vice
President/Chief Credit Officer and Courtney Erminio to Executive
Vice President/Chief Risk Officer.
James R. Heslop, II, President and Chief
Executive Officer, stated, “'I am proud to announce the promotions
of Al and Courtney, and we are grateful to have these proven
leaders on our team. Their banking and credit experience as well as
their knowledge of and involvement within our communities brings a
level of insight that cannot be matched. I look forward to Al and
Courtney’s expanded responsibilities as we continue to enhance our
team of experienced bankers and create value across our
business.”
Alfred F. Thompson Jr. Promoted to
Executive Vice President/Chief Credit Officer
As Executive Vice President/Chief Credit
Officer, Mr. Thompson will be responsible for leading the Company’s
credit administration and loan administration programs. Since
joining Middlefield in 1996 as an Assistant Vice President/Lender,
Mr. Thompson has held a variety of positions of increased
responsibility. Most recently, Mr. Thompson held the position of
Senior Vice President/Credit Administration - Special Assets. Prior
to his tenure at Middlefield, Mr. Thompson held roles at National
City Bank, NE and The Dollar Savings and Trust Company. He received
a B.S. from Youngstown State University and is a graduate of the
Graduate School of Banking at the University of
Wisconsin-Madison.
Courtney Erminio Promoted to Executive
Vice President/Chief Risk Officer
As Executive Vice President/Chief Risk Officer,
Ms. Erminio will be responsible for leading the Company’s risk,
audit, and compliance programs. She joined Middlefield in 2010 as
Senior Vice President/Risk Officer. Prior to joining Middlefield,
Ms. Erminio was an Internal Auditor at Crowe Horwath LLP. Ms.
Erminio is a Certified Internal Auditor and Certified Financial
Services Auditor and received a B.S. from The University of Akron.
She is involved with Junior Achievement and the Chardon Youth
Soccer League.
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 $1.33 billion at December 31, 2021. The bank operates 16
full-service banking centers and an LPL Financial® brokerage office
serving Beachwood, Chardon, Cortland, Dublin, Garrettsville,
Mantua, 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
This 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) the effect of the
COVID-19 pandemic, including on our credit quality and business
operations, as well as its impact on general economic and financial
market conditions; (8) changes in the securities markets; or (9)
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: |
James R. Heslop,
IIPresident/Chief Executive OfficerMiddlefield Banc Corp.(440)
632-1666 Ext. 3219JHeslop@middlefieldbank.com |
Andrew M. BergerManaging
DirectorSM Berger & Company, Inc. (216)
464-6400andrew@smberger.com |
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