Midwest Banc Holdings, Inc. Annual Stockholders' Meeting and Presentation.

Business Editors

MELROSE PARK, Ill.--(BUSINESS WIRE)--April 23, 2001

Midwest Banc Holdings, Inc. (NASDAQ: MBHI), a community-based bank holding company, will hold its Annual Stockholders' Meeting on Wednesday, May 2, 2001 at 2:00 CDT at Elmcrest Banquets by Biancalana, Elmwood Park, Illinois.

After conducting the business as described in the 2001 Annual Stockholders' Meeting Proxy Statement, Brad A. Luecke, President and Chief Executive Officer, will make a brief presentation on the Company's results of operations for the year ended December 31, 2000 and the three months ended March 31, 2001.

Midwest Banc Holdings, Inc. reported a 22.9% increase in earnings and a 26.2% increase in earnings per share (diluted) in 2000. As reported on April 16, 2001, the Company reported a 13.5% increase in net income and a 16.1% increase in earnings per share (diluted) for the first quarter of 2001 compared to the similar period in 2000.

The results of the Annual Stockholders Meeting and the presentation by Mr. Luecke will be available for viewing in the financial reports section of the Company's website, http://www.midwestbanc.com beginning May 2, 2001 at approximately 4:00 PM CDT and for two weeks thereafter.

Midwest Banc Holdings, Inc. is the eighth largest publicly traded bank holding company in Illinois. The Company provides a wide range of banking services, personal and corporate trust services, residential mortgage origination, insurance and limited securities brokerage activities throughout the greater Chicago metropolitan area 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 and Midwest Bank of Western Illinois.