Midwest Bank parent reports investor 'interest' in effort to raise capital

Midwest Banc Holdings Inc. said it has received "non-binding indications of interest" from investors to inject about $190 million of equity.

In a Securities and Exchange Commission filing Thursday, the Midwest Bank & Trust Co. owner also divulged that the U.S. government might acquire a "significant" stake in the bank if a conversion of Series T preferred shares goes as planned.