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Midwest Bank Builds Banking Center Management Team New Appointments Bring Substantial Experience in Local Markets; Expansion Reflects Strategic Emphasis on Retail Banking

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Market Wire
September 7, 2005

MELROSE PARK, IL --Midwest Bank and Trust Company, a wholly owned subsidiary of Midwest Banc Holdings, Inc. (NASDAQ: MBHI), today announced the appointment of several experienced local bankers to its banking center management team, reflecting an ongoing investment in the bank's retail network.

"With well-established banking centers in attractive areas, we are targeting strong returns from our increased management depth and sales emphasis," said James G. Giancola, president and chief executive officer of Midwest Banc Holdings, Inc., parent company to Midwest Bank. "We are delighted to have recruited talented and motivated individuals who know both banking and the Chicago markets that we serve. All of them bring strong experience in sales and customer service, which are high priorities for Midwest Bank. We look forward to their contribution to our strong customer service record."

The bank named Dennis Motyka, 54, to the new position of senior vice president for retail banking, with responsibility for oversight of all Midwest Bank and Trust banking centers. Motyka reports to Edward H. Sibbald, executive vice president in charge of the retail division, which includes retail banking and consumer lending. The bank recruited Christian Schoenenberger, 31, to the newly created role of vice president and sales manager for retail banking. Reporting to Motyka, Schoenenberger will work with individual banking center managers to build sales expertise and strategies.

The bank also named new managers at two retail banking centers. Jeannette Dettmann, 31, assumes the role of vice president and banking center manager in Elmwood Park (1606 N. Harlem) and Mike Hutton, 36, was named vice president and banking center manager in McHenry (5555 West Bull Valley Road).

Motyka brings more than 33 years of experience in the commercial banking industry, all in the Chicago area. Prior to joining Midwest Bank, Motyka was senior vice president and director of banking centers for Cole Taylor Bank in Rosemont. In this position, he provided overall direction for sales, service and operations of the community banking division. Previously, Motyka was a senior vice president and Illinois regional manager for LaSalle Bank in Chicago. Prior to that assignment, he held positions with Comerica Bank and Affiliated Bank, both in Franklin Park, as well as with Western National Bank in Cicero. Motyka received his B.A. from Benedictine University in Lisle. He resides in Orland Park.

Schoenenberger joins Midwest Bank from Raddon Financial Group in Oak Brook, where he was a senior service bureau analyst, providing marketing insight and product development support to executive teams. Prior to joining Raddon, he was branch manager with Bank One in Chicago. A graduate of Western Illinois University, Schoenenberger resides in Chicago.

Before joining Midwest Bank, Dettmann was an assistant Vice President at LaSalle Bank in Chicago and, earlier, she was a banking center manager and assistant vice president at Bank One in Chicago and an officer at Fifth Third Bank in Chicago. Dettmann received her M.B.A. and her B.S. from Xavier University in Cincinnati. She resides in Schaumburg.

Hutton brings more than 14 years of experience in both commercial and retail banking to his new post, with over a decade in a management role. He comes to Midwest Bank from First Midwest Bank in Buffalo Grove, where he was an assistant vice president and cash management officer. Before joining First Midwest, he was a vice president and branch manager at National City Bank, also in Buffalo Grove, and previously was assistant vice president and branch manager at Harris Bank in Hoffman Estates. Hutton graduated with a B.S. in economics from Northern Illinois University and resides in Lake in the Hills.

Information on MBHI is available on the Internet at www.midwestbanc.com.

Midwest Banc Holdings, Inc. (NASDAQ: MBHI), a community-based holding company, provides a wide range of retail and commercial lending services, personal and corporate trust services, residential mortgage origination, and securities and insurance brokerage activities throughout the greater Chicago metropolitan area and Western Illinois. The Company's principal operating subsidiaries are: Midwest Bank and Trust Company, Midwest Bank of Western Illinois, Midwest Financial and Investment Services, Inc. and Midwest Bank Insurance Services, L.L.C. Midwest Bank and Trust Company provides commercial and retail banking services to the greater metropolitan Chicago area through 17 banking centers located in Cook, DuPage, McHenry and Lake Counties.

This press release contains certain "Forward-Looking Statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and should be reviewed in conjunction with the Company's Annual Report on Form 10-K and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth certain risks and uncertainties related to the Company's business which should be considered in evaluating "Forward-Looking Statements."

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.