MBHI Midwest Banc Hlds (MM)

Midwest Banc Holdings, Inc. (the “Company”) (NASDAQ:MBHI), the holding company for Midwest Bank and Trust Company (the “Bank”), announced today that the Bank has been closed by the Illinois Division of Banking and placed into receivership by the Federal Deposit Insurance Corporation. The Company’s ownership interest in the Bank represented substantially all of the Company’s assets. As a result of the Bank’s receivership, the Company no longer has an investment in the Bank.

Effective May 17, 2010, the Midwest Banc Holdings, Inc.’s mailing address will be changed to P.O. Box 1547, Melrose Park, Illinois, 60161.

Midwest Banc Hlds (MM) (NASDAQ:MBHI)
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