Thomas Caldwell, who has run Ohio's Middlefield Banc Corp. in Middlefield, Ohio, for 26 years, plans to retire next spring.
Caldwell has worked at the $1.4 billion-asset company for 35 years. He ran both Middlefield Banc and its Middlefield Banking Co. subsidiary.
The bank has not selected a successor. It will consider internal and external candidates, with a decision expected within a few months, the bank said Friday.
The company’s assets increased from $134.6 million on Dec. 31, 1995, to $1.39 billion on March 31 this year.
Middlefield expanded from three locations to 17 across Ohio during Caldwell’s tenure. The company completed three acquisitions and conducted three capital raises over the past decade,
