Midwest Banc Holdings Inc (fka MBHIQ)

[CdoubleU]

I AM LOVING LIFE THIS MORNING!!!!! :) Averaged in at .29!!!! WOOO HOOOO!!!

[loniee]

yea buddy very happy here

[wesley_]

here we go .53 so far... nice...

[wesley_]

MBHI .50+ breakout on huge volume!

[loniee]

hope so...

[sth1]

Anyone think what happened with DEAR today could happen here soon?

[loniee]

got my order filled here yesterday..

[glassy]

yes, his work is spectacular. He did an entire cieling in a room in Vegas at the Bellagio-saw it a coupla years ago-hes good!

[loniee]

That sure is a pretty peice..
I am still bidding on this one..haven't filled yet..

[glassy]

thanks, Its the first tiem I have posted a piece I did not make- that is by Dale Chihuly-love his work!

[loniee]

Hey hey glassy...I like that shell in your pic...your glass work just keeps getting better..looking to see if I can grab a few here maybe

[glassy]

nice!

[kittycattttt]

MBHIP 6.99 AH's
whoopty mutha fuckin dooo!
Would think mbhi next to blow up!

[DFLY]

back in .34..couldnt pass with all the vol and the recent wakeage..bring on dollarland!

[the_rat]

done on the take? opinion on lunch rebound anyone?

[glassy]

Well it busted the 200 DMA ( at .50 ) AH and thats te first time I have seen THAT! wow- I think earnings are out April 26.May continue to run up in anticipation

[kittycattttt]

shitz 2 ez ehhh.

[trading94]

damn my order sold AH,will have to buy again tomorrow

[glassy]

MBHI-this is the chart for it- NICE! traded .50 X .51 AH!

[CdoubleU]

HOLY $#!+ BATMAN . . . I really, REALLY, needed this GREEN DAY!!

AM I THE ONLY ONE HERE . . . HERE . . . HERE . . . HERE!!

[CdoubleU]

I hope this is sign that we have a merger partner . . . GOOD GREEN today!!

[CdoubleU]

I'm ALL over it!!

[kittycattttt]

Pickedup shit load of MBHIP,, .90's so far so good gl

[CdoubleU]

I think this morning is "panick" from yesterday's news . . . I may be wrong but I'm going with my gut, and picked up quite a few in the 19s.

Any other thoughts, maybe from someone who knows "charting"??

We'll see what happens.

[CdoubleU]

Fed orders Illinois bank to raise capial or merge
Wed Mar 31, 2010 11:38am EDTStocks
Midwest Banc Holdings, Inc.
MBHI.O $0.27 -0.03-9.35%
12:15pm CDT

WASHINGTON, March 31 (Reuters) - The U.S. Federal Reserve on Tuesday said Midwest Bank and Trust Co. remains significantly undercapitalized and ordered the bank and its parent firm to raise equity capital or find a merger partner within 45 days.

The "prompt corrective action directive" was issued to the Elmwood Park, Illinois bank and its parent firm, Midwest Bank Holdings Inc (MBHI.O) after an initial finding on Feb 23 that the bank was significantly undercapitalized.

[CdoubleU]

Me too! Got my fingers crossed on this one, but looks like we may be ok ;) Got a pretty big "steak" in this one and hope it plays out!

[Singatoka2010]

I bought more in the .25 range. Hope I'm right.

[CdoubleU]

We're sinking like a rock, the bottom appears to be somewhere around 25?? Comments?

[Dthomas]

Yeah I hear ya. I would like to see the promoters out of this and some news.

[Singatoka2010]

.29 is this a good time to buy in. almost at 52 week low

[Dthomas]

Pretty quiet here.

[xyz1002]

If the U.S. Treasury were to seek to convert all of the approximately $89.3 million in liquidation preference of the New Preferred Stock, the Company would be required to issue approximately 47.1 million shares of its Common Stock in such conversion, subject to any required anti-dilution adjustments.


"The entry of the U.S. Treasury into the exchange agreement is a positive development. Midwest appreciates Treasury's support and cooperation. Though we do not have commitments for new investment, our discussions with possible investors continue. The convertibility feature of the New Preferred Stock will facilitate these conversations."

We are the holding company for Midwest Bank and Trust Company, a half century old community bank with $3.4 billion in assets at December 31, 2009.

Once they announce investment the game changes dramatically. The big boyz gets in and we trade in a very different price range. I am thinking $2.

AIMHO

[TheFinalCD]

AMEN!

[oregon 1]

Amen brother.

[Emptyhead]

We can trust in God to guide our hands :)

[oregon 1]

We will see what happens. We might go back to .40 but i think thats bottom .

[Emptyhead]

Hard to say where it is headed. It has come a long way and I would expect a retrace for suppport.

[oregon 1]

We could see .50 today ,volume is really picking up. It would be nice to see 5mil today or more.

[xyz1002]

Could be heading to $2 before it stops. Nice to add for long term as the bank is saved now. This will be so much more in a year.

Don't care about everyday move. May close above $0.60 today, just saying.

[oregon 1]

Iam glad I loaded yesterday. This is probably headed back to the dollar mark. Once restructuring is finished or it might be finished now.

[Emptyhead]

This is still under the radar,imo.

[oregon 1]

Up 22% so far this morning.

[xyz1002]

added a half boat load today.

[CdoubleU]

Glad I continued to load in the 20"s . . . up this morning big time!! ANYONE ELSE STILL OUT THERE??? HELLO??

[mlkrborn]

Midwest Banc Holdings, Inc. Announces Successful Completion of Exchange Offer; Results of Special Meeting of Holders of Serie...

Midwest Banc Holdings, Inc. (NASDAQ: MBHI) (the “Company”), the holding company for Midwest Bank and Trust Company (the “Bank”), today announced the successful completion of its offer to exchange shares of its Common Stock for outstanding Depositary Shares, $25.00 liquidation amount per share, each representing a 1/100th fractional interest in a share of the Company’s Series A Noncumulative Redeemable Convertible Perpetual Preferred Stock (the “Series A Preferred Stock”), that commenced on December 3, 2009 (the “Exchange Offer”)

“We appreciate the support and confidence of our depositary shareholders. Thanks to their votes and tenders, we have finished a very important part of our overall capital restructuring,” Midwest CEO Roberto R. Herencia said

“Since my arrival in May 2009, our vision for Midwest has been to build a new foundation to support its long term growth and profitability. With the Exchange Offer completed we are closer to realizing that vision. This successful Exchange Offer builds upon prior positive developments in our efforts to strengthen our financial position, such as the previously disclosed forbearance agreement with our primary lender, our advanced discussions with the U.S. Treasury regarding converting its preferred shares in the Company into common equity, and our ongoing discussions with prospective investors in an effort to raise additional equity capital. While we know that much challenging work remains ahead, I and the rest of our team will devote all of our efforts to successfully complete the remainder of our capital plan.” Results of the Exchange Offer. The Company has accepted for exchange all of the 1,414,441 Depositary Shares, representing approximately 82.0% of the 1,725,000 Depositary Shares outstanding prior to the Exchange Offer, that were validly tendered and not withdrawn as of 5:00 p.m., New York City time, on January 21, 2010, the expiration date for the Exchange Offer. Approximately 10.0 million shares of the Company’s Common Stock will be issued upon settlement of the Exchange Offer. The Company expects that settlement of the Exchange Offer will occur on January 25, 2010, with the shares of Common Stock issued in the Exchange Offer to be held in the voting trust and released on January 26, 2010, as further described in the prospectus for the Exchange Offer

In the aggregate, the Exchange Offer will result in the retirement of Depositary Shares with an aggregate liquidation preference of approximately $35.4 million. Following settlement of the Exchange Offer, 310,559 Depositary Shares with an aggregate liquidation preference of approximately $7.8 million will remain outstanding. The Exchange Offer is expected to generate approximately $35.4 million of additional common equity

Results of the Special Meeting. The Company also announced today that the holders of its Depositary Shares had approved by the requisite number of votes all proposals submitted for approval at the special meeting of the holders of Series A Preferred Stock held on January 21, 2010. These approved proposals include proposals to amend the Company’s charter to eliminate certain rights with respect to dividends on the Series A Preferred Stock and the election of directors and the proposal to authorize the issuance of senior preferred stock to the U.S. Treasury, should such transaction be consummated, as further described in the prospectus for the Exchange Offer and related Depositary Shares proxy statement. The proposals to eliminate the Series A Preferred Stock rights regarding dividends and the election of directors remain subject to approval by the Company’s common stockholders

About Midwest We are the holding company for Midwest Bank and Trust Company, a half century old community bank with $3.5 billion in assets at September 30, 2009. We have two principal operating subsidiaries; Midwest Bank and Trust Company and Midwest Financial and Investment Services, Inc. Midwest Bank has 26 locations serving the diverse needs of both urban and suburban Chicagoland businesses and consumers through its Commercial Banking, Wealth Management, Corporate Trust and Retail Banking areas

[mlkrborn]

Regional banks out of woods yet this one got hit with earnings report it seems! Down to 050.. CPF pulled back too tho doing better than MBHI and CRBC, DEAR etc
GLLs

[buster1966]

what happen to this stock i got few shares just morning and down it went

[CHA$E]

74% A Midwest Wonder here, nice ;)

[mlkrborn]

030s now and preffered 080s:
MBHIP--the preferred paid dividend not so long ago dec 2008.. it is all michigan-chicago economy's adverse impact and recent higher capitalization ratio requirement for regional banks.. This one went even lower than CRBC and DEAR..
Midwest Banc Holdings, Inc. Approves Preferred Quarterly Dividend
Date : 12/08/2008 @ 1:00PM
Source : MarketWire
Stock : Midwest Banc Holdings, Inc. (MBHIP)
Quote : 0.85 -0.11 (-11.46%) @ 7:22AM


Good old days?

"Midwest Banc Holdings, Inc. Approves Preferred Quarterly Dividend

MELROSE PARK, IL -- (Marketwire) -- 12/08/08 -- Midwest Banc Holdings, Inc. (NASDAQ: MBHI) announced that its board of directors declared a preferred stock dividend on its Series A Noncumulative Redeemable Convertible Perpetual Preferred Stock (NASDAQ: MBHIP) which will result in a $0.484375 per share dividend on Midwest's depositary shares with a record date of December 15, 2008 and a payment date of December 31, 2008.

On December 5, 2008, Midwest announced that it had received an $84.8 million investment from the U.S. Treasury as part of its TARP Capital Purchase Program. Midwest also stated that it issued warrants for 4.3 million shares of common stock to the Treasury and that it could reduce the warrant position by 50% by raising the equivalent amount of capital within three years. However, the warrant position will be reduced by 50% if Midwest raises the equivalent amount of capital by December 31, 2009.

About Midwest Banc Holdings, Inc.

Midwest Banc Holdings, Inc., with $3.6 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. The principal operating subsidiaries of Midwest Banc Holdings, Inc. are Midwest Bank and Trust Company and Midwest Financial and Investment Services, Inc. Midwest has 29 banking offices. Midwest is a member of the Allpoint®/STARsf® surcharge-free network giving Midwest customers access to thousands of surcharge-free ATMs nationwide, with over 1,000 ATMs in the Chicagoland area.

Information on Midwest products, services and locations is available at: www.midwestbanc.com

For further information:

John B. Pelling, III

Vice President

Investor Relations

[phone]

Email Contact"

[CdoubleU]

OK! What happened to the optimism?? Looking to get in at these rock bottom prices!!