Merger • Financial Services

Middlefield Banking Acquires Liberty Bank N.A.

On July 28, 2016, Middlefield Banking acquired financial services company Liberty Bank N.A. for 41M USD

Acquisition Context

This is Middlefield Banking’s 1st transaction in the Financial Services sector.
This is Middlefield Banking’s largest (disclosed) transaction.
This is Middlefield Banking’s 1st transaction in the United States.
This is Middlefield Banking’s 1st transaction in Ohio.

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M&A Deal Summary
Date	July 28, 2016
Target	Liberty Bank N.A.
Sector	Financial Services
Buyer(s)	Middlefield Banking
Deal Type	Merger
Deal Value	41M USD
Advisor(s)	Boenning & Scattergood (Financial) Tucker Ellis (Legal)

Target Company

Liberty Bank N.A.

Beachwood, Ohio, United States

Liberty Bank, N.A. is a full-service community national bank with assets of approximately $223 million at June 30, 2016. With branch offices in Beachwood, Solon, and Twinsburg and a loan production office in Wooster, Ohio, the independently-owned bank specializes in providing innovative personal and business financing solutions with competitive rates and a high level of personalized customer service. Liberty Bank continues to be recognized as one of the nation's strongest financial institutions by receiving a 5-Star Superior rating from Bauer Financial, Inc. Liberty Bank is also a Preferred Lender for the Small Business Administration.

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