An Open Letter To Our Shareholders From Brad A. Luecke, Chief Executive Officer.Business Editors MELROSE PARK Melrose Park, village (1990 pop. 20,859), Cook co., NE Ill., an industrial suburb of Chicago; inc. 1893. It has large railroad yards and shops, steel mills, and factories that make a wide variety of products. , Ill.--(BUSINESS WIRE)--Sept. 12, 2001 Midwest Banc Holdings, Inc. (Nasdaq: MBHI MBHI Millon Behavioral Health Inventory ), a community-based bank holding company, released the following open letter to all shareholders, customers and employees regarding the terrorist actions yesterday: Important Message from Brad A. Luecke, President and Chief Executive Officer. All of us at Midwest Banc Holdings, Inc. are deeply saddened by the shameful terrorist activities in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Washington and Western Pennsylvania Western Pennsylvania consists of the western third of the state of Pennsylvania in the United States. Pittsburgh is the largest city in the region, with a metropolitan area of about 2.4 million people, and is the cultural center for Western Pennsylvania. yesterday morning. As many of you watched last evening on television, thousands of families will be needlessly and tragically affected by this horrible series of events. Some of our shareholders, business partners, customers and employees may have been touched by friends and family members affected by the attack--whether onsite in New York or Washington, or stranded elsewhere seeking a way back home. We want to offer our sincerest condolences and prayers to the families of innocent people and the many heroes-- police, firemen and average citizens--who were victims of this tragedy. We want to assure you that this senseless act will not affect Midwest Banc or its subsidiaries or the banking industry overall. Our banks are open and fully operational. We will meet all customer needs on a business as usual basis. The integrity of our business, the banking system and the financial markets remains intact as undisputed examples of what makes our country great. It is time for everyone in this country to step up for America. No contribution is too small--be it a comforting word to a friend or work associate, donating blood as part of the larger relief effort, or simply demonstrating by our every day actions and continued business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets that we will not be intimidated by terrorist acts. During the next few days, many things will be happening as efforts are made to proceed with the recovery and restore normal everyday conditions. We expect financial markets may be closed for the rest of the week, and when re-opened, stocks may be temporarily adversely affected. The Federal Reserve may take pre-emptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. steps to lower short-term interest rates Short-term interest rates Interest rates on loan contracts-or debt instruments such as Treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. Often called money market rates. to reassure businesses, consumers and investors. Air travel--scheduling, security procedures and prices - may be affected dramatically in the weeks and months ahead. Recovery and restoration efforts and our response to these events may have an impact on the economy in the near future. Do not become alarmed or overly concerned. These may be important steps to restore normality normality, in chemistry: see concentration. as soon as possible. We are fully confident that many changes will be short-term in nature and, as always, the country--individuals, families, businesses and investors--will emerge stronger than ever before. Things will change, but ultimately, a wiser stronger America will still serve as the unchallenged and undisputed source of financial and economic leadership in a difficult and uncertain world. End of Open Letter Midwest Banc Holdings, Inc. provides a wide range of commercial and consumer banking services, trust services, residential mortgage origination, insurance and securities brokerage activities throughout the greater Chicago metropolitan area “Chicagoland” redirects here. For for the racing venue, see Chicagoland Speedway. The Chicago metropolitan area is the metropolitan area associated with the city of Chicago in the United States. and Western Illinois. The company's four principal operating subsidiaries are: Midwest Bank and Trust Company, Midwest Bank of Hinsdale, Midwest Bank of McHenry County McHenry County is the name of several counties in the United States:
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