SOURCE: Midwest Banc Holdings, Inc.

September 08, 2008 15:21 ET

Midwest Bank Still "Well-Capitalized"

MELROSE PARK, IL--(Marketwire - September 8, 2008) - Midwest Banc Holdings, Inc. (NASDAQ: MBHI), in response to news surrounding the US government takeover of Freddie Mac and Fannie Mae, announced that under all regulatory guidelines Midwest Bank & Trust Company remains well-capitalized. Midwest Bank would remain well-capitalized even if the value of its preferred stock investments in Freddie Mac and Fannie Mae were reduced to zero.

Midwest Bank continues to monitor the situation and is committed to remaining well-capitalized and having sufficient capital to support its customers and for future growth.

Midwest Banc Holdings, Inc., with $3.7 billion in assets, provides a wide range of retail and commercial banking services, personal and corporate trust services, securities services and insurance brokerage services in the greater Chicago area. The principal operating subsidiaries of Midwest Banc Holdings, Inc. are Midwest Bank and Trust Company and Midwest Financial and Investment Services, Inc. Midwest has 29 banking offices and operates 31 ATMs. On January 1, 2008, Midwest joined the Allpoint®/STARsf® surcharge-free network. Midwest customers now have access to thousands of surcharge-free ATMs nationwide, with over 1,000 ATMs in the Chicagoland area.

Information on Midwest products, services and locations is available at: www.midwestbanc.com

Contact Information

  • For further information:
    John B. Pelling, III
    Vice President - Investor Relations
    (708) 498-2013
    Email Contact