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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Midwest Banc Hlds (MM) | NASDAQ:MBHI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.15 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
The U.S. Treasury Department, in a transaction report, said it exchanged its $72 million holdings of Independent Bank Corp. (IBCP) preferred stock for "mandatory convertible preferred stock."
This strategy provides "a bridge to private capital," which is a primary goal in this phase of the Troubled Asset Relief Program, according to the Treasury Department.
The Treasury said it will evaluate such exchanges on a case-by-case basis. The agency has restructured investments in the past with Midwest Banc Holdings Inc. (MBHI), Citigroup Inc. (C), Popular Bank, and Superior Bank, which is a subsidiary of Superior Bancorp (SUPR).
-By Darrell A. Hughes, Dow Jones Newswires; 202-862-9255; darrell.hughes@dowjones.com
1 Year Midwest Banc Hlds (MM) Chart |
1 Month Midwest Banc Hlds (MM) Chart |
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