---
title: "Middlefield Banc names Ronald L. Zimmerly Jr., Michael C. Ranttila and Michael L. Cheravitch for accelerated equity vesting"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276933314.md"
description: "Middlefield Banc has approved the full vesting of outstanding share awards for executives Ronald L. Zimmerly Jr., Michael C. Ranttila, and Michael L. Cheravitch, effective February 23, 2026. This decision is linked to the merger with Farmers National Banc Corp, as per the Merger Agreement. The executives will see an acceleration of equity vesting for their respective restricted stock and performance share units due to this merger."
datetime: "2026-02-25T20:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276933314.md)
  - [en](https://longbridge.com/en/news/276933314.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276933314.md)
---

# Middlefield Banc names Ronald L. Zimmerly Jr., Michael C. Ranttila and Michael L. Cheravitch for accelerated equity vesting

**Middlefield Banc approved full vesting of outstanding plan share awards for named executives, effective February 23, 2026, in connection with the previously announced merger with Farmers National Banc Corp.**

**Individual**

Ronald L. Zimmerly, Jr.

Michael C. Ranttila

Michael L. Cheravitch

**Role**

President and Chief Executive Officer

Chief Financial Officer, Executive Vice President, and Treasurer

Executive Vice President and Chief Banking Officer

**Type of Change**

Acceleration of equity vesting

Acceleration of equity vesting

Acceleration of equity vesting

**Effective Date**

February 23, 2026

February 23, 2026

February 23, 2026

**Reason**

Merger with Farmers; Committee approved full vesting per Merger Agreement

Merger with Farmers; Committee approved full vesting per Merger Agreement

Merger with Farmers; Committee approved full vesting per Merger Agreement

**Replacement Info**

Not disclosed

Not disclosed

Not disclosed

**Background Details**

Restricted Stock Units: 4,520 (8/6/2024), 4,576 (1/14/2025); Performance Share Units: 19,500 (8/6/2024), 30,030 (1/14/2025)

Restricted Stock Units: 3,013 (8/6/2024), 2,955 (1/14/2025); Performance Share Units: 12,467 (1/14/2025)

Restricted Stock Units: 1,707 (8/6/2024), 1,753 (1/14/2025); Performance Share Units: 2,000 (8/6/2024), 7,399 (1/14/2025)

**Board/Committee Role Changes**

Not disclosed

Not disclosed

Not disclosed

Original SEC Filing: MIDDLEFIELD BANC CORP \[ MBCN \] - 8-K - Feb. 25, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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