Form 4: Middlefield Banc Corp. EVP Disposes Shares Post-Merger

Middlefield Banc Corp.'s EVP and Chief Risk Officer, Courtney M. Erminio, disposed of all beneficial common stock holdings following the company's merger with Farmers National Banc Corp.

Summary

• Courtney M. Erminio, Executive Vice President and Chief Risk Officer of Middlefield Banc Corp., reported a disposal of common stock.
• The transaction occurred on March 2, 2026.
• The disposal was a direct consequence of the Agreement and Plan of Merger, dated October 22, 2025, under which Middlefield Banc Corp. merged with and into Farmers National Banc Corp. on March 2, 2026.
• Erminio disposed of 150.525 shares of Common Stock.
• Additionally, Erminio disposed of 19,931.991 shares of Common Stock.
• Following these transactions, Erminio's beneficial ownership of Middlefield Banc Corp. common stock is 0 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, merely reporting a mandatory insider transaction following a merger, with no direct positive or negative implications for the company's operational performance or future prospects.

Future Outlook

This filing is a historical report of an insider transaction and does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that such insider transaction filings are standard post-merger, reflecting the conversion or disposal of shares of the acquired entity. This is a common occurrence in the banking sector as consolidation continues, and executives of the acquired entity adjust their holdings.

Stakeholder Impact

• Shareholders of Middlefield Banc Corp. were impacted by the merger, resulting in the conversion or acquisition of their shares. This filing specifically details an executive's share disposal as a direct consequence of this corporate action.

Key Dates

Keywords

Middlefield Banc Corp., MBCN, Farmers National Banc Corp., Farmers, Merger, Form 4, Insider Transaction, Stock Disposal, Executive Officer