SOURCE: Midwest Banc Holdings, Inc.

July 15, 2008 17:00 ET

Organizational Changes at Midwest Banc Holdings, Inc.

MELROSE PARK, IL--(Marketwire - July 15, 2008) - Midwest Banc Holdings, Inc. (NASDAQ: MBHI) is pleased to announce the following organizational changes:

Effective July 7, Brogan M. Ptacin assumed responsibility for leading Midwest Bank's Corporate Banking Group in charge of the Commercial Real Estate (CRE) and Commercial & Industrial (C&I) Lending Groups. Mr. Ptacin will continue to report to Jay Fritz, President of Midwest Bank & Trust. Prior to joining Midwest through the Royal American Corporation acquisition, Mr. Ptacin served as Executive Vice President C&I Lending with Royal American Corporation. Mr. Ptacin joined Royal American Corporation in 1995 after a twelve year career with American National Bank, leaving as president of its Melrose Park subsidiary.

On July 7, Jonathan P. Gilfillan joined the Midwest Bank team as Executive Vice President and Division Head of Commercial Real Estate Lending, reporting to Mr. Ptacin. Mr. Gilfillan previously served as Senior Vice President for Park National Bank since 2007. Prior to joining Park National, Mr. Gilfillan spent his career at LaSalle Bank NA, where he had been specializing in CRE lending since 1992.

Mr. Gilfillan received both his Bachelor of Science, and Masters of Business Administration degrees from DePaul University, with concentrations in Finance. He continues to be involved with DePaul University's The Real Estate Center.

Effective July 14, Susan K. Moll joined Midwest Bank as Senior Vice President - Financial Planning and Analysis. In this capacity Ms. Moll will provide management with best of breed financial planning and profitability analyses, assistance in merger and acquisitions and new product initiatives. Prior to joining Midwest, Ms. Moll spent the last 11 years at Bank of America (formerly LaSalle Bank), focusing on business unit financial analysis and cost reduction. Prior to her tenure at Bank of America, Ms. Moll held financial positions with JP Morgan Chase, PNC Bank and US Bancorp. Ms. Moll will report directly to JoAnn Sannasardo Lilek, Chief Financial Officer and long time colleague while at LaSalle Bank.

Ms. Moll earned a Bachelor of Science degree from the University of Illinois, Champaign and a Masters of Business Administration from Xavier University.

Midwest will release second quarter 2008 earnings after the market closes on Tuesday, July 22, 2008 and conduct a conference call to discuss these results the following morning, July 23, 2008, at 11:00 A.M. eastern / 10:00 A.M. central.

The webcast and call will be hosted by members of management. A brief discussion of quarterly results and trends will be followed by questions from professional investors and analysts invited to participate in the interactive portion of the discussion.

Interested parties wishing to participate in the interactive portion of the call can dial in to 800-860-2442 or +1 412-858-4600 for international calls. The live webcast can be accessed at www.midwestbanc.com and will be available for replay on that website. The audio replay may be accessed through July 30, 2008 at 877-344-7529 or +1 412-317-0088. The replay passcode is 420171.

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. 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. The principal operating subsidiaries of Midwest Banc Holdings, Inc. are Midwest Bank and Trust Company and Midwest Financial and Investment Services, Inc.

Contact Information

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