SOURCE: Midwest Banc Holdings, Inc.

March 14, 2008 16:00 ET

Midwest Banc Holdings, Inc. Approves Quarterly Dividend

MELROSE PARK, IL--(Marketwire - March 14, 2008) - Midwest Banc Holdings, Inc. (NASDAQ: MBHI) announced that its board of directors declared a preferred stock dividend on its Series A Noncumulative Redeemable Convertible Perpetual Preferred Stock which will result in a $0.484375 per share dividend on Midwest's depositary shares with a record date of March 15, 2008 and a payment date of March 31, 2008.

The board of directors also declared a $0.13 per share common dividend. The record date is March 28, 2008, and the payment date is April 4, 2008.

Midwest Banc Holdings also announced that its 2008 annual meeting of stockholders will be held on Wednesday, May 7, 2008, at 10:00 a.m., central time, at Dominican University Priory Campus, 7200 West Division Street, River Forest, Illinois 60305.

Midwest Banc Holdings, Inc., headquartered in Melrose Park, IL, with approximately $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. We have 29 banking offices and operate 31 ATMs. On January 1, 2008, Midwest Bank joined the STAR Allpoint/STARsf network. Our customers now have access to 32,000 surcharge-free Allpoint/STARsf ATMs nationwide, with over 1,000 of them in the Chicagoland area. Our principal operating subsidiaries are Midwest Bank and Trust Company and Midwest Financial and Investment Services, Inc.

Information on our products and services and locations is available at www.midwestbank.com.

Contact Information

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