Middlefield Banc (MBCN) Investor Presentation summary

Company overview and strategy

• Operates 21 branches across Central, Western, and Northeast Ohio, serving both rural and metropolitan communities.

• Focuses on quality, safety, soundness, and maximizing shareholder value with a balanced mix of retail and commercial customers.

• Recognized as the #1 community bank in its core markets, with over 120 years of service.

• Committed to local decision-making, community investment, and building long-term customer relationships.

• Engages in community support through sponsorships and volunteerism.

Market position and growth

• Only independent community bank with exposure to Central, Western, and Northeast Ohio, operating in high-income, high-employment counties.

• Well positioned to benefit from major economic development in Central Ohio, including Intel’s $100B project and other large investments.

• Significant overlap with Intel’s supplier network, enhancing growth opportunities.

• Total assets have grown at a 12.7% CAGR from 2016 to 2023, driven by acquisitions and organic growth.

• Maintains a strong presence in rapidly expanding regions, especially Columbus.

Leadership and governance

• Experienced executive team assembled through succession planning and strategic acquisitions.

• Board of directors averages 9 years of tenure and 59 years of age, with diverse professional backgrounds.

• Recent leadership changes include new CEO and CFO appointments to support growth.