Posts for Ticker ‘MBHI’

Midwest Banc: Dr. Jekyll or Mr. Hyde? (MBHI)

Midwest_bank_logo_2Midwest 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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Posted on: September 17, 2008 – 12:18 pm in Banking, Secondary Offering,

Midwest Bank Responds to Market Concerns (MBHI)

Midwest Banc Holdings, Inc. (NASDAQ: MBHI) has issued a response to dimish fears about its holdings of Fannie Mae and Freddie Mac.  This was in direct response to news surrounding the US government takeover of Freddie Mac and Fannie Mae.  The bank announced that under all regulatory guidelines
Midwest Bank & Trust Company it remains well-capitalized. 

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Posted on: September 8, 2008 – 2:30 pm in Banking,