An investigation on behalf of investors in Middlefield Banc Corp. (NASDAQ: MBCN) shares over potential wrongdoing at Middlefield Banc Corp. was announced.
San Diego, CA -- (SBWIRE) -- 06/02/2020 -- An investigation on behalf of investors in shares of Middlefield Banc Corp. (NASDAQ: MBCN) was announced over potential breaches of fiduciary duties by certain directors at Middlefield Banc Corp.
Investors who purchased shares of Middlefield Banc Corp. (NASDAQ: MBCN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Middlefield Banc Corp. (NASDAQ: MBCN officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Middlefield, OH based Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. Middlefield Banc Corp. reported that its annual Total Revenue rose from $44.17 million in 2018 to $46.22 million in 2019 and that its Net Income increased from $12.43 million in 2018 to $12.71 million in 2019.
Shares of Middlefield Banc Corp. (NASDAQ: MBCN) declined from $27.92 per share in December 2019 to as low as $12.00 per share on March 23, 2020.
Those who purchased shares of Middlefield Banc Corp. (NASDAQ: MBCN), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.