Shalini Singhal Joins The Middlefield Banking Company As Chief Information Officer

MIDDLEFIELD, Ohio--()--The Middlefield Banking Company today announced that Shalini Singhal has joined the company as Chief Information Officer. In this position, Ms. Singhal will lead the Company’s IT strategy development and implementation to support Middlefield’s corporate goals and compliance requirements.

“We are pleased to have someone of Shalini’s experience and ability on our team. Executing our IT strategy is critically important to our organization as more customers engage with the Bank through digital, mobile, and online resources. I look forward to her contributions as we execute our growth initiatives.”

President and CEO Thomas G. Caldwell stated, “We are pleased to have someone of Shalini’s experience and ability on our team. Executing our IT strategy is critically important to our organization as more customers engage with the Bank through digital, mobile, and online resources. I look forward to her contributions as we execute our growth initiatives.”

Prior to joining Middlefield, Ms. Singhal spent 11 years at Commercial Savings Bank in Upper Sandusky, Ohio mostly recently as Chief Information Officer. As CIO, Ms. Singhal was responsible for all aspects of the company’s IT infrastructure, governance and project management. Ms. Singhal earned her MBA from the Institute of Management Technology in Ghaziabad, Uttar Pradesh, and BBA from the National Institute of Information Technology in Delhi, Delhi.

Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank holding company with total assets of $760.1.6 million at June 30, 2016. The bank operates 10 full service banking centers and an LPL Financial® brokerage office serving Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, 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) 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.

Contacts

Middlefield Banking Company
Thomas G. Caldwell
President/CEO
440-632-1666 Ext. 3200
tcaldwell@middlefieldbank.com

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