Middlefield Banc Corp. has announced the termination of three supplemental executive retirement plans (SERPs) for President and Chief Executive Officer Ronald L. Zimmerly, Jr., effective February 9, 2026. The plans, originally established between 2012 and 2015, are being terminated in connection with the pending merger of Middlefield Banc Corp. with Farmers National Banc Corp. As part of the termination, Mr. Zimmerly will receive compensation in accordance with the SERP provisions, including the transfer of seven bank-owned annuity contracts valued at approximately $833,864. Payments of compensation deferred under the terminated SERPs are set to be made on the last business day before the merger is consummated.

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