Replies to post #157 on Midwest Banc Holdings Inc (fka MBHIQ)

[MYOB]

e-mail I received from the FDIC said they seized the bank. I'm not claiming to know exactly how this went down but I have not seen an instance where they turned an institution over to a "conservator". The Feds ARE the conservator so to speak, not an outsider. FDIC may transfer deposits & select loan portfolios over to another bank willing to assume them on a discounted basis but the stock in the seized bank is not part of that equation. That would only happen if Bank A PURCHASED Bank B and tendered an offer for outstanding shares therefore assuming all liabilities of Bank B. If that was the case the FDIC would not have seized the bank & shut it down. JMO