Midwest Banc Holdings, Inc. · Melrose Park, IL United States ·(NASDAQ (GM): MBHI)
Company Description
View Midwest Banc Holdings, Inc. Locations On A US Map
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This link will open in a new window For cash flow in Chicago, check out Midwest Banc Holdings. The firm is the parent company of Midwest Bank and Trust, which has some 30 branches in Chicago's western and northwestern suburbs. The bank offers checking, savings, NOW, and money market accounts, as well as CDs and IRAs. Commercial loans account for more than 40% of the company's loan portfolio, followed by commercial mortgages (another 25%), construction loans, and residential mortgages. Subsidiary Midwest Financial and Investment Services offers insurance and brokerage services. Midwest Banc Holdings acquired Northwest Suburban Bancorp in 2007. To read the full description, subscribe now.
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Key Midwest Banc Holdings, Inc. Financials
| Company Type | Public - NASDAQ (GM): MBHI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $36.4 |
| 2008 Employees | 536 |
Midwest Banc Holdings, Inc. Executives
40 executives listed for Midwest Banc Holdings, Inc.'s Melrose Park, IL location.
| Title | Name & Bio | Contact |
| Chairman | Percy Berger | Network |
| President, CEO, and Director; President and CEO, Midwest Bank and Trust | Roberto Herencia | Network |
| EVP and Chief Operations and Technology Officer, Midwest Bank and Trust | Bruno Costa | Network |
Competition
Competitive Landscape for Midwest Banc Holdings, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Midwest Banc Holdings, Inc. Competitors
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