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East Banc

French Overseas territories - East Africa / Banc du Geyser

Banc du Geysir / Banc du Geyser is a mostly submerged reef in the Mozambique Channel's northeastern part, 125 km (78 mi) northeast from ...

Department of For-Hire Vehicles Honored with a Smart Cities Connect Smart 50 Award for Achievement in Community Engagement

In partnership with EastBanc Technologies, DFHV is distinguishing itself as the first department of its kind to open its APIs to app developers; a move that has allowed them to offer faster, safer and more innovative taxicab, limo, and rideshare options for citizens and tourists in our nation’s capital. EastBanc Technologies serves as the technology partner that provides the infrastructure that helps make DFHV’s vision a reality and customers to enjoy the benefits of an open API strategy.

“We were overwhelmed with strong submissions from over one dozen countries and covering solution areas from waste management to smart glass to safer streets,” said Smart Cities Connect managing editor Laura Benold. “We want to do something different with the Smart 50 Awards and to look at actual implementation as a key driving force behind recognition. Smart projects are happening all around us in ways that aren’t always apparent, and we want to shed light on those.


ITEM 8.01 Other Events

On April 16, 2019, Middlefield Banc Corp. (the “Company”), issued a press release announcing that its Board of Directors has approved a new share repurchase program under which the Company is authorized to repurchase up to 150,000 shares of its common stock in the open market or in privately negotiated transactions, subject to market and other conditions (the “Program”). The Program may be modified, suspended or terminated by the Company at any time. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.

Middlefield Banc Corp. is a bank holding company with total assets of $1.2 billion at December 31, 2018. The Company’s subsidiary bank, The Middlefield Banking Company, operates 15 full-service banking centers and one loan production office at locations in Northeast Ohio and Central Ohio.

UCBH failed, now what?

UCBH failed, was sold to East West Banc Corp, now what? EWBC shares rose mightily on news of acquisition. Will UCBH shareholders be bought out & get shares of EWBC instead? If no, why not? What are tax implications for stockholders?

Not likely...just scanning the available public information, the common stockholders of UCNH have been wiped out.

I suspect that you will get something in writing from the registrar of the shares.

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