Midwest Banc Holdings, Inc. Postpones Annual Meeting
May 21 2010 - 5:15PM
Business Wire
On May 14, 2010, Midwest Bank and Trust Company (the “Bank”),
the wholly-owned bank subsidiary of Midwest Banc Holdings, Inc.
(the “Company”), was closed by the Illinois Division of Banking and
placed into receivership by the Federal Deposit Insurance
Corporation. The Company’s ownership interest in the Bank
represented substantially all of the Company’s assets. As a result
of the Bank’s receivership, the Company no longer has an investment
in the Bank.
In light of the events described above, the Company has decided
to postpone its Annual Meeting, which was originally scheduled for
May 26, 2010. The Company will notify stockholders when a new
meeting date is set.
Midwest Banc Hlds (MM) (NASDAQ:MBHI)
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