secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLEFIELD BANC CORP (—)
CIK:        0000836147
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001193125-22-296213
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middlefield Banc Corp. closes Liberty Bancshares merger, expands to 22 branches
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- Liberty shareholders received 2.752 shares of Middlefield common per share; no fractional shares.
- Ronald L. Zimmerly Jr. appointed President of Middlefield Banc and its bank; formerly CEO of Liberty.
- Three new directors appointed: Zimmerly, Mark Watkins, and Spencer Cohn of Castle Creek Capital.
- Combined company has over $1.7B assets and 22 branches across 12 Ohio counties.
- CEO Heslop receives $150K discretionary bonus for merger; CFO Stacy receives $100K bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836147/000119312522296213/0001193125-22-296213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836147/000119312522296213/d351854d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-296213

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