- Middlefield Banc Corp. ( NASDAQ: MBCN ) has received necessary regulatory approvals to complete the proposed merger of Liberty Bancshares ( OTCPK:LBSI ).
- The two companies had agreed to merge in a transaction valued at ~$64.4M.
- The company said proxy advisory firm Institutional Shareholder Services recommends that Middlefield shareholders vote in favor of the proposed merger.
- The shareholders meeting will be held at 9:00 a.m. ET, on Nov. 3, in a virtual meeting format, while Liberty's shareholders meeting will be held at 5:00 p.m. ET on Nov. 1.
- MBCN shares were trading -0.18% post-market.
- Source: Press Release
For further details see:
Middlefield Banc Corp, Liberty Bancshares receives regulatory approvals