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On Friday, May 14, 2010, Midwest Bank and Trust Company, Elmwood Park, IL was closed by the Illinois Department of Financial Professional Regulation - Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009Part of Capital Purchase Program
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
|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|