Highlights
A collection of news and information related to Midwest Banc Holdings Incorporated published by Tribune Company sources.
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First Midwest expects up to $193 million in federal funds
Tribune staff reporterFirst Midwest Bancorp Inc. disclosed Monday that the Itasca bank holding company expects an up to $193 million buy-in from the U.S. Treasury, as part of the government's effort to bolster the nation's banking sector by providing capital infusions to...Tags: First Midwest Bancorp Incorporated, Northern Trust Corporation, Itasca, Economic Policy, U.S. Department of Treasury
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Midwest Bank to get $85.5 million
Tribune reporterMidwest Banc Holdings Inc., which held big stakes in Fannie Mae and Freddie Mac preferred stock when the mortgage entities went belly up in September amid the global financial meltdown, is expected to announce Monday that the U.S. Treasury Department is...Tags: Northern Trust Corporation, Fannie Mae, Federal Reserve Bank of Chicago, Freddie Mac, U.S. Department of Treasury
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Midwest Banc Holdings suspends quarterly dividend
Chicago Tribune reporterMidwest Banc Holdings Inc. said Tuesday that it suspended its third-quarter dividend and will write off in the current quarter its $67 million position in Fannie Mae and Freddie Mac preferred stock. The $3.7 billion-asset bank based in Melrose Park also...Tags: Melrose, Fannie Mae, Freddie Mac
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Fannie-Freddie investor Midwest Banc Holdings plans statement
Midwest Banc Holdings Inc., hurt by its Fannie Mae and Freddie Mac preferred stock holdings, is scheduled to make an announcement Monday. The Melrose Park-based bank did not elaborate. Midwest had said Monday that its Midwest Bank unit "would remain...Tags: Melrose, Fannie Mae, Freddie Mac
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Midwest Banc loses out in bailout
Chicago Tribune reporterShares in Midwest Banc Holdings Inc. plummeted by almost 25 percent Monday as collateral damage from the Fannie Mae and Freddie Mac bailout spread to the Melrose Park-based banking company. Midwest has more than a quarter of its capital tied up in $62...Tags: Melrose, Stock Market, Fannie Mae, Freddie Mac, Philadelphia (Philadelphia, Pennsylvania)
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The week ahead
Chicago TribuneMonday: -- Earnings: American Express Co.; Apollo Group Inc.; Apple Inc.; Halliburton Co.; Hasbro Inc.; Kimberly-Clark Corp.; Merck & Co.; Pactiv Corp.; PrivateBancorp Inc.; Schering-Plough Corp.; Texas Instruments Inc.; Wintrust Financial Corp.; Zebra...Tags: DeVry Incorporated, Microsoft Corp., Daimler AG, Zebra Technologies Corporation, Praxair Incorporated
Nov 10, 2008
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Nov 3, 2008
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Sep 17, 2008
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Sep 13, 2008
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Sep 9, 2008
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Oct 21, 2007
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