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EX-99.1 - EX-99.1 - MIDWEST BANC HOLDINGS INC | c64997exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): June 1, 2011
MIDWEST BANC HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
001-13735
(Commission File Number)
(Commission File Number)
Delaware (State or other Jurisdiction of Incorporation) |
36-3252484 (I.R.S. Employer Identification No.) |
c/o Hinshaw & Culbertson LLP
333 South Seventh Street, Suite 2000
Minneapolis, MN 55402
333 South Seventh Street, Suite 2000
Minneapolis, MN 55402
(Address of Principal Executive Offices)
(612) 334-2505
(Registrants Telephone Number, Including Area Code)
(Registrants Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.03 Bankruptcy or Receivership.
On June 1, 2011, the United States Bankruptcy Court for the Northern District of Illinois,
Eastern Division (the Bankruptcy Court), entered an order confirming the Third Amended Joint Plan
of Liquidation Dated May 27, 2011 (the Plan), filed by Midwest Banc Holdings, Inc. (the
Company) and the Official Committee of Unsecured Creditors appointed in the Companys chapter 11
bankruptcy case (the Committee). A copy of the Plan is attached hereto as Exhibit A.
Among other things, confirmation of the Plan cancelled all equity interests in the Company.
Under the Plan, substantially all of the Companys assets will be transferred to a liquidating
trust and the Company will be dissolved. As of June 1, 2011, the Company estimated its total
liabilities to be approximately $150 million, and its assets to have an aggregate value of
approximately $8.5 million.
Item
9.01 List of Exhibits.
(d) Exhibits
99.1 Third Amended Joint Plan of Liquidation
Dated May 27, 2011
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
MIDWEST BANC HOLDINGS, INC. |
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Date: June 6, 2011 | By: | /s/ Roberto R. Herencia | ||
Roberto R. Herencia | ||||
President | ||||