The Middlefield Banking Company Expands Commercial Banking Team
19 Juli 2023 - 2:00PM
The Middlefield Banking Company, a wholly owned subsidiary of
Middlefield Banc Corp. (NASDAQ: MBCN), today announced that it has
added two new team members to help expand and manage Middlefield’s
commercial banking brand in the Central and Northeast Ohio markets.
Joining Middlefield are Josh Riley, Senior Vice President/Chief
Commercial Market Executive - Central Ohio and Jerry Benko Senior
Vice President/Chief Commercial Market Executive - Northeast Ohio.
“Josh and Jerry are proven bankers both with
over 20 years of experience serving the unique needs of their
respective markets,” said James R. Heslop, II, Middlefield’s Chief
Executive Officer. “We look forward to Josh and Jerry’s
contributions as Middlefield expands its community-focused teams in
Central and Northeast Ohio.”
As Senior Vice President/Chief Commercial Market
Executive - Central Ohio, Josh Riley brings over 21 years of
financial services experience within the Central Ohio market. Prior
to joining The Middlefield Bank, Riley was Vice President at First
Merchants Bank, responsible for developing middle market and small
corporate banking relationships while also stewarding the Ohio
region’s internal partnership collaboration initiatives. Before
joining First Merchants Bank, Riley held officer positions with
investment, regional, and community banks. Riley is a recipient of
multiple awards for sales and service excellence and collaboration
with complimentary line of business leaders. Riley received his
Bachelor of Science degree in Finance and Management Information
Systems from Ohio University. He is a recent graduate of the
American Banker Association’s Stonier Graduate School of Banking at
the University of Pennsylvania. Riley is an advisory
board member and the chair of the nominating committee for The
Salvation Army of Central Ohio. He is the past chair of the Joan
Levy Bisesi Foundation and founder and director of the Columbus
Donut Run for head and neck cancer research.
As Senior Vice President/Chief Commercial Market
Executive - Northeast Ohio, Jerry Benko brings over 21 years of
banking experience within the Northeast Ohio market. Benko is a
highly experienced commercial banker and former business owner who
enjoys serving and helping small businesses succeed. Most recently,
he was the Market Manager, Vice President at Huntington National
Bank, where he managed a cross-functional team of Business
Development Officers, an SBA Specialist, and a Portfolio Manager.
Prior to his six years at Huntington National Bank, Benko spent 15
years at PNC Bank in a variety of progressive banking roles. Benko
received a Bachelor of Business Administration, Marketing and
Accounting 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 $1.73 billion at March 31, 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: |
James R. Heslop, IIChief
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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Photos accompanying this announcement are available at
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