May 20 - Middlefield (Ohio) Banc Corp. (OTCQB: MBCN) has announced that Carolyn J. Turk, C.P.A. has been elected as chairman of the board of directors of both Middlefield Banc Corp. and its wholly owned subsidiary The Middlefield Banking Company.
Having first been elected to the board of directors of the bank in 2003, Turk joined the board of the company in 2004. She is the controller of Molded Fiberglass Companies, Ashtabula, Ohio, and is a licensed C.P.A. A native of Orwell, Ohio, she earned her B. S. in Accountancy from Youngstown State University. Turk has served as chairman of the audit committee and as a member of the corporate governance and nominating committee.
"We are very pleased with the election of Carolyn Turk as our new board chair," commented President and CEO Thomas G. Caldwell. "In her 10 years as a member of the board of directors, she has brought keen insights and a strong business acumen. We look forward to continuing to work with her to develop the full potential of the Company's franchise."
Turk succeeds Richard T. Coyne in the position of chairman. Turk and her husband Ralph reside in Orwell, Ohio.
Coyne, previously general manager of Jaco Products, headquartered in Middlefield, retired in accordance with the company's retirement policy. He was elected to the boards of directors of both the company and the bank in 1997 and became chairman of the Board in 2007. During his tenure the company grew from a three office bank with assets of less than $140 million to become a bank holding company with two banking subsidiaries and assets of approximately $667 million.
Caldwell said, "On behalf of the company and its shareholders, I want to commend Dick Coyne for his commitment to his duties as a member and chairman of our board of directors. He has shared of his wisdom and talents abundantly and we are a better organization because of it."
Middlefield Banc Corp. headquartered in Middlefield, Ohio, is a multi-bank holding company with total assets of $667 million. The company's lead bank, The Middlefield Banking Company, operates full-service banking centers and an LPL Financial brokerage office serving Chardon, Cortland, Garrettsville, Mantua, Middlefield, Newbury and Orwell, Ohio. The company also serves the central Ohio market through its Emerald Bank subsidiary, with offices in Dublin and Westerville, Ohio. Additional information is available at www.middlefieldbank.com and www.emeraldbank.com.