NEW ORLEANS, Sept. 27, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed merger of Liberty Bancshares, Inc. (the "Company") (OTC: LBSI) with Middlefield Banc Corp. (NASDAQ: MBCN). Under the terms of the proposed transaction, shareholders of Liberty will receive only 2.752 shares of Middlefield for each share of Liberty that they own. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.