Ancora Issues Open Letter to Middlefield Banc Corp. Shareholders

Fellow Shareholders,

Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”) is the largest stockholder of Middlefield Banc Corp. (NASDAQ: MBCN) (“MBCN,” the “Bank” or the “Company”), beneficially owning approximately 7.8% of the Company’s outstanding common stock. Ancora is a long-term shareholder of the Company due to our belief tha…