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Midwest Banc Holdings, Inc. Announces Placement of Midwest Bank and Trust Company into FDIC Receivership

  //business-finance.news-articles.net/content/201 .. nk-and-trust-company-into-fdic-receivership.html
  Published in Business and Finance on Friday, May 14th 2010 at 22:40 GMT by Market Wire
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MELROSE PARK, Ill.--([ BUSINESS WIRE ])--Midwest Banc Holdings, Inc. (the aCompanya) (NASDAQ:MBHI), the holding company for Midwest Bank and Trust Company (the aBanka), announced today that the Bank has been closed by the Illinois Division of Banking and placed into receivership by the Federal Deposit Insurance Corporation. The Companya™s ownership interest in the Bank represented substantially all of the Companya™s assets. As a result of the Banka™s receivership, the Company no longer has an investment in the Bank.

Effective May 17, 2010, the Midwest Banc Holdings, Inc.a™s mailing address will be changed to P.O. Box 1547, Melrose Park, Illinois, 60161.