Midwest Banc Holdings
| $89,388,000 |
| Committed |
| 0.4% |
| of Bank bailout commitment |
| 0.1% > |
| of total bailout commitment. |
| Disbursed | $89,388,000 |
| Returned | $0 |
| Revenue to Gov't | $824,288 |
| Net Outstanding | $88,563,712 |
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Map: Corporate headquarters of Midwest Banc Holdings.
Melrose Park,
Ill.
See all recipients in Illinois
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Events
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$824K Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
$89M Bailout
Dec. 5, 2008 Purchase - Preferred Stock w/ Warrants
On 3/8/2010, Treasury exchanged its $84,784,000 of Preferred Stock in Midwest Banc Holdings, Inc. (MBHI) for $89,388,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial investment amount of $84,784,000, plus $4,604,000 of capitalized previously accrued and unpaid dividends. Subject to the fulfillment by MBHI of the
conditions related to its capital plan, the MCP may be converted to common stock.Part of Capital Purchase ProgramMore info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 05/31/2009 | Dividend | $824,289 | CPP | Dividends Paid Through 5/31/2009 |
| 12/05/2008 | Purchase | $89,388,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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