| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Midwest Banc Holdings, Inc. |
| 501 West North Street, Melrose Park, IL 60160 * (708) 865-1053 |
| The company is a community-based bank holding company. The Company provides a wide range of banking services, personal and corporate trust services, residential mortgage services and limited securities brokerage services. |
| Manager | Tier | Phone |
| Howe Barnes Investments, Inc. | Lead Manager | (312) 655-2952 |
| NASNTL: | MBHI | Financial: | SIC 6036 | |
| Type of Shares: | Common Shares | Filing Date: | 12/19/97 | |
| U.S. Shares: | 1,100,000 | Offer Date: | 2/23/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 1,100,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $15,400,000 | Selling: | $0.50 | |
| Expenses: | $400,000 | Reallowance: | $0.25 | |
| Post-IPO Shares: | 11,115,898 |
| Issuer's Law Firm: | Vedder Price Kaufman & Kammholz |
| Bank's Law Firm: | Chapman and Cutler |
| Registrar/Transfer Agent: | Harris Trust & Savings Bank |
| Auditor: | Crowe, Chizek and Company |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $57.30 | $49.66 | $42.11 | Assets: | $878.76 |
| Net Income: | $7.31 | $6.28 | $5.50 | Curr Assets: | |
| EPS: | $0.73 | $0.63 | $0.56 | Liabilities: | $827.76 |
| Prior EPS: | $0.60 | Curr Liab: | |||
| Cash Flow/Oper: | $10.50 | $7.38 | $10.62 | Equity: | $50.99 |
| Cash Flow/Fin: | $119.23 | $83.40 | $92.87 | Cash: | $0.04 |
| Cash Flow/Inv: | -$130.83 | -$88.82 | |||
| Competition |
| The Company and the Banks face strong direct competition for deposits, loans and other financial services from other commercial banks, thrifts, credit unions, stockbrokers and finance divisions of auto and farm equipment companies. Some of the competitors are local, while others are statewide or nationwide. Several major multibank holding companies currently operate in the Chicago metropolitan market. These financial institutions are generally much larger than the Company and have greater access to capital and other resources. Some of the financial institutions and financial services organizations with which the Company competes are not subject to the same degree of regulation as that imposed on bank holding companies, and federally insured, state-chartered banks and national banks. As a result, such nonbank competitors have advantages over the Company in providing certain services. |
| Use of Proceeds |
| The Company will use approximately $5.0 million of the net proceeds from the Offering for capital contributions to the banks to fund anticipated growth and expansion and will apply the remaining net proceeds from the Offering to reduce short-term borrowings under the Company's revolving line of credit. |