Middlefield Banking

What Middlefield Banking does

Middlefield Banking Company was a community bank founded in 1901 in Middlefield, Ohio, providing retail and commercial banking services across 19 communities in Northeast, Central, and Western Ohio. Pre-merger, the bank operated 21 branches and held approximately $1.98 billion in banking assets, and was publicly traded on NASDAQ as Middlefield Banc Corp (ticker MBCN) until March 2026.

The bank's product portfolio spanned personal deposit accounts (Simple Checking, Cash Back Rewards Checking, Secure Rewards Checking, Smart Rewards Checking, statement savings, Super Saver, Christmas Club, HSA, CDs, IRAs, and Money Market Accounts), business banking (checking, savings, treasury management, commercial lending), mortgages (including the HomeOne first-time buyer product), wealth management delivered through the LPL Financial platform (Guided Wealth Portfolios, brokerage, retirement, insurance), and education lending via College Avenue Student Loans. Technology infrastructure comprised a standard community banking stack with online and mobile banking (mobile check deposit, e-statements, bill pay, Text Alerts via Notifi), Zelle person-to-person payments, digital wallet tokenization (Apple Pay, Google Pay, Samsung Pay), the MB Card Secure debit card management application, and MoneyPass surcharge-free ATM access at 40,000+ locations. The bank supplemented these capabilities with content marketing and 15+ interactive financial calculators.

The revenue model centered on net interest income from the spread between loan yields (mortgages, commercial, consumer) and deposit costs, supplemented by non-interest income from account fees, treasury management services, and wealth management fee income. The combined entity managed over $4.7 billion in wealth management assets. Following the October 22, 2025 merger agreement announcement, shareholder approval in February 2026, and regulatory clearance, Farmers National Banc Corp completed the all-stock merger on March 2, 2026, valued at approximately $299 million, with shareholders receiving 2.6 Farmers shares per Middlefield share. Middlefield Bank merged into The Farmers National Bank of Canfield, forming an 83-branch, $7.4 billion-asset combined entity across Ohio and Pennsylvania.

Name

Middlefield Banking

Legal name

The Middlefield Banking Company

Website

https://middlefieldbank.bank

Company type

Public

Founded year

1901

Operating status

Acquired

Headcount range

101–250 employees

Short description

Middlefield Banking Company was an Ohio community bank founded in 1901, operating 21 branches across 19 communities to serve retail consumers and small businesses with deposit, lending, mortgage, and wealth management services, before merging into Farmers National Banc Corp in March 2026.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking
• Retail banking
• Commercial lending
• Wealth management
• Mortgage lending

Headquarters

HQ city

Middlefield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue driver from spread between interest earned on loans (mortgages, commercial loans, personal loans) and interest paid on deposits (checking, savings, CDs, IRAs, money market accounts). Community banking model with relationship-focused lending.
2. Non-Interest Income: Fees from account services, overdraft fees, ATM fees, wire transfer fees, and income from investment and insurance product referrals. Also includes fees from treasury management services for business customers.
3. Wealth Management: Investment services, guided wealth portfolios, retirement planning, and insurance products generating fee income. The combined entity manages over $4.7 billion in wealth management assets.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Middlefield Banking Company is a community bank offering a full suite of personal and business banking products across Ohio, including checking accounts (Simple Checking, Cash Back Rewards, Secure Rewards, Smart Rewards), savings products, CDs, IRAs, Money Market Accounts, business checking and loans, mortgages, treasury management, and wealth management services through LPL Financial. The bank also provides insurance products and digital banking capabilities including mobile deposit, Zelle P2P payments, digital wallets, and access to over 40,000 surcharge-free ATMs via MoneyPass.

Product overview

Middlefield Banking Company offers a unified community banking platform providing personal and business banking services across 21 branches in Northeast, Central, and Western Ohio. The core product portfolio centers on deposit accounts (checking, savings, CDs, IRAs, and Money Market Accounts) with multiple tiers like Simple Checking, Cash Back Rewards, Secure Rewards, and Smart Rewards checking variants. Business banking includes checking, savings, treasury management, and commercial lending. Adjacent services include mortgage products (HomeOne for first-time buyers), investment services through LPL Financial (Guided Wealth Portfolios, brokerage, retirement, insurance), and digital banking add-ons (Online & Mobile Banking, MB Card Secure). The company also provides financial planning tools and student loan partnerships. Following the 2026 merger with Farmers National Banc Corp, operations expanded to 83 branches with $7.4 billion in banking assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Simple Checking Entry-level checking account designed for individuals who may have been turned down for traditional checking, with $50 minimum opening deposit, no minimum balance requirements, $9.95 monthly fee (waived first statement cycle), and digital wallet capabilities (Apple Pay, Google Pay, Samsung Pay). Can graduate to traditional checking after 12 months in good standing.
• Cash Back Rewards Checking Checking account that earns up to $180 per year in cash back rewards when cardholders meet qualification criteria including $500 in debit card purchases and a qualifying transaction. Targeted at consumers seeking rewards on everyday spending.
• Secure Rewards Checking Checking account offering identity theft protection (IDProtect), cell phone protection ($400), Debit Advantage buyers protection, roadside assistance ($100/occurrence), travel and health discounts, and up to $15 monthly ATM refunds. $5.95 monthly fee ($3.95 for seniors 62+ and students 16-24), fee waived with $5,000+ average daily balance.
• Smart Rewards Checking Interest-earning checking account with tiered APY rates up to 0.50% APY on balances up to $25,000 when qualifications are met. Qualifications include 15+ debit card purchases OR $50,000+ average balance plus direct deposit/mobile deposit/ACH/automatic loan payment. $5.00 monthly fee if qualifications not met.
• Statement Savings Basic savings account with $10 minimum to open, $2 monthly fee if balance falls below $100, and interest compounded and paid quarterly. Designed for everyday savers.
• Super Saver Savings account with tiered interest rates that reward larger balances, requiring $10 minimum to open and $3,000 balance to avoid $6 monthly fee. Targeted at consumers building higher balances.
• Christmas Club Seasonal savings account designed for holiday spending, with funds disbursed at the end of October, no monthly fee, and $10 minimum to open.
• Health Savings Account (HSA) Tax-advantaged savings account designed to help cover healthcare deductible costs, with pre-tax deposits, portability regardless of employment, and checkbook access for medical payments.
• Certificates of Deposit (CDs), IRAs, and Money Market Accounts Certificate of deposit products with terms ranging from 3 months to 5 years (0.20% to 0.90% APY), Traditional and Roth IRA options, and Money Market Accounts with tiered rates for Northeast, Central, and Western Ohio regions. $500 minimum opening deposit for CDs.
• 8-Month CD Special Limited-time promotional CD with 3.25% APY, $500 minimum opening deposit, effective as of 3/18/2026, for new money and maturing certificates. Promo Code: 8CDDEC25.
• 3.50% Money Market Account Special Limited-time promotional Money Market Account with 3.50% APY for balances of $10,000 or more, variable rate with 3-tier structure (0.15% to 3.50% APY), effective as of 3/18/2026. Promo Code: MMAADEC25.
• Business Checking Business checking accounts with online banking access and treasury management solutions for businesses across Ohio communities. Targeted at local and regional small and medium businesses.
• Business Loans Commercial lending products for business growth and operations, offered through the Farmers Bank Group platform following the 2026 merger. Targeted at small and medium businesses needing working capital and growth financing.
• Mortgage Products Home mortgage financing including HomeOne for first-time homebuyers with 3% down payment, fixed rates, and no geographic or income restrictions; plus resources, calculators, and online loan payment options.
• Guided Wealth Portfolios Digital investment advisory service using LPL Financial platform, offering personalized investment strategies and automated portfolio management for individual investors.
• Investment Services Comprehensive investment services including brokerage, insurance, and retirement planning offered through LPL Financial advisors. Targets individual investors seeking full-service investment guidance.
• Insurance Services Insurance products and services offered through MB Insurance Services, LLC, an affiliate of The Middlefield Banking Company, providing personal and business insurance products.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

One partnership is on record.

• Farmers National Banc CorpcoreStrategic or Co-development Partner · 2 March 2026Middlefield Banc Corp merged with and into Farmers National Banc Corp in an all-stock transaction valued at approximately $299 million. Middlefield Bank merged into The Farmers National Bank of Canfield. The combined entity holds over $7.4 billion in banking assets and over $4.7 billion in wealth management assets, operating 83 branches across Ohio and Pennsylvania. This was Farmers' seventh bank acquisition in the last decade and expanded their footprint into Central and Western Ohio including the Columbus region. Shareholders of Middlefield received 2.6 shares of Farmers for each share of Middlefield.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Fifth Third Bancorp: Cincinnati-headquartered large regional bank with full-service commercial, retail, and wealth management offerings across the Midwest and Southeast. A larger broad-incumbent peer with overlapping Ohio presence.
• KeyCorp: Cleveland-based large regional bank with national commercial banking, retail banking, and wealth management presence across Ohio and the Northeast. Operates in similar geographies with much broader scale.
• Huntington Bancshares: Large Ohio-headquartered regional bank with broad commercial, retail, and wealth management offerings across the Midwest. Larger incumbent with overlapping geographies but vastly greater scale than Middlefield.

Direct peers

• Farmers National Banc Corp: Acquirer of Middlefield Banc Corp and now its parent company. Comparable Ohio-based community banking franchise with $7.4B combined assets, 83 branches, and overlapping product offerings including deposits, lending, wealth management, and treasury services.
• WesBanco Inc. West Virginia-headquartered community bank operating across Ohio, Pennsylvania, and the Mid-Atlantic with community banking, lending, and wealth management services — directly comparable scale and geography to the combined Farmers/Middlefield entity.
• F.N.B. Corporation: Pittsburgh-based regional bank with significant Pennsylvania and Ohio presence, offering community and commercial banking, wealth management, and insurance — directly comparable product mix and regional footprint.
• S&T Bancorp: Pennsylvania-based community bank with overlapping Pennsylvania geography post-merger, offering commercial banking, retail deposits, and wealth management services at a similar asset scale.
• First Financial Bancorp: Cincinnati-based regional bank holding company with similar community/commercial banking model, Ohio and Midwest branch presence, and comparable deposit, lending, and wealth offerings to Middlefield.
• Park National Corp: Ohio-headquartered community bank holding company operating across Ohio and surrounding states with similar community banking model, deposit and lending products, and wealth management services — a directly comparable peer in geography and scale.
• Premier Financial Corp: Ohio and Michigan-based community bank offering similar deposit, commercial lending, mortgage, and wealth management products with comparable asset scale to Middlefield pre-merger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/middlefield-banking-company

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Middlefield Banking