Midwest Banc Holdings Inc. (NASDAQ: MBHI) looks like it is taking an about-face move from its comments from last week. Shares of the holding company for Midwest Bank and Trust Company are hitting new lows amid the panic selling in financial stocks. The company now is selling $110 million worth of preferred stock and is suspending dividends on the common stock. Without surprise, it is raising its loan loss reserves. This is meant to shore up the balance sheet.
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