BNET Industries
Last Fiscal Year Sales:$37.5M
- Private
- US
Dow Jones Description
Midwest Bank is a rapidly growing, locally owned, independent bank with offices located in West Central Minnesota. Through our rapid growth we have developed the financial and technological resources to meet the needs of our small and large customers alike.
Chief Executive Officer
Brian RudeNumber of Employees 14
Contact Information
105 Soo St
Parkers Prairie, Minnesota 56361-0040
1 218 473 2191
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
-
Midwest Bank, Cole Taylor Bank have discussed possible merger
News & Analysis
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midwest bank - All News and Analysis
First Midwest Bank Launches New Mortgage Lending Program
First Midwest Bank ("First Midwest"), the wholly owned subsidiary of Itasca-based First Midwest Bancorp, Inc. (NASDAQ: FMBI), today announced that beginning today it will be expanding its current lending programs. In conjunction with their existing Reverse Mortgage business, First Midwest Bank is introducing First Mortgages, which will...
Midwest Banc Holdings, Inc. 2Q09 Earnings Conference Call
MELROSE PARK, Ill. -- Midwest Banc Holdings, Inc. (Nasdaq:� MBHI) announced that it will release second quarter 2009 earnings after the market closes on Tuesday, July 28, 2009, and...
J.J. Fritz Appointed Senior Executive Vice President of Midwest Banc Holdings, Inc.
MELROSE PARK, Ill. -- Midwest Banc Holdings, Inc. (NASDAQ: MBHI) announced on May 6, 2009, that Jay Fritz, the former president and chief executive officer of the Company and...
Midwest Banc Appoints Roberto R. Herencia as New CEO
Former Banco Popular Executive Brings Strong Chicago Ties and Community Banking Experience MELROSE PARK, Ill. -- Midwest Banc Holdings, Inc. (NASDAQ:MBHI) announced today that Roberto...
Midwest Banc Holdings, Inc. First Quarter 2009 Earnings Call
Midwest Banc Holdings, Inc. (NASDAQ: MBHI) announced that it will release first quarter 2009 earnings after the market closes on Tuesday, April 28, 2009 and conduct a conference call to discuss these results the following morning, April 29, 2009, at 11:00 A.M. eastern / 10:00 A.M. central. ...
Bank Hogties Chicago's Mr. Beef, a Leno Favorite
Chicago's Mr. Beef is in trouble, with its lender threatening foreclosure. Mr. Beef is perhaps the best-known purveyor of Italian beef sandwiches (though that designation might just as easily be applied to the much-better Al's Beef). Italian beef sandwiches are a staple of the Chicago diet,...
Midwest Banc Appoints J. J. Fritz as New CEO
The Board of Directors of Midwest Banc Holdings, Inc. (NASDAQ: MBHI) today named Jay Fritz President and CEO of Midwest Banc Holdings, Inc. and CEO of its wholly owned banking subsidiary, Midwest Bank and Trust. Jay Fritz is a long-term Chicago banker who is presently Executive Vice President...
Midwest Banc Holdings, Inc. Reports Q4 Results
MELROSE PARK, Ill. -- Midwest Banc Holdings, Inc. (NASDAQ:MBHI) today reported diluted earnings per share of $0.12, for the fourth quarter ended Dec. 31, 2008. This compares to earnings of $0.14 for the same quarter in the prior year. Full-year 2008 loss per share was $5.82, compared to earnings of...
First Midwest Bank Expands Executive Management Group
First Midwest Bank ("First Midwest"), the wholly owned subsidiary of Itasca-based First Midwest Bancorp, Inc. (NASDAQ: FMBI), today announced that Victor P. Carapella was named Executive Vice President and Commercial Banking Group Manager of First Midwest Bank. Mr. Carapella has served as First Midwest's North Metro Area Sales Manager...
First Midwest Bank to Offer Expanded FDIC Insurance Coverage for Certain Customer Accounts
First Midwest Bank ("First Midwest"), the wholly owned subsidiary of Itasca-based First Midwest Bancorp, Inc. (NASDAQ: FMBI), today announced that First Midwest will participate in the FDIC's Transaction Account Guarantee Program ("TAGP"). Under this program, First Midwest's non-interest-bearing transaction accounts, and NOW accounts paying 0.50% or less are fully guaranteed...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Brian Rude | Chief Executive Officer |
| Jeff Ellsworth | President |
| Kirk E. Rascher | Head of The Bank Trust and Asset Management Group |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Dennis Lind | Chairman |
| Organization | Position | Status |
|---|---|---|
| Midwest Bank | Chief Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Midwest Bank | President | Current |
| Organization | Position | Status |
|---|---|---|
| Midwest Bank | Head of The Bank Trust and Asset Management Group | Current |
| CFA Institute | Board of Directors | Current |
| CFA Society of Chicago | Board of Directors | Current |
| ABA National Graduate Trust School | Former |
Dennis A. Lind has served as the president of Midwest Bank Group, Incorporated, and chairman of its member bank in Detroit Lakes, MN since 2000. Mr. Lind is also the vice chairman of The Lake Bank in Two Harbors, MN and senior vice president of The Marshall Group, Incorporated in Minneapolis. Mr. Lind has over 30 years of experience in banking, capital markets and investments. He previously worked for 13 years at Norwest Bank (now Wells Fargo Bank) where he most recently served as an executive vice president at Norwest Investment Services, Incorporated. Mr. Lind began his career in the Bond Department at First National Bank of Minneapolis (now US Bank). Mr. Lind serves on the following Bank committees: Housing and Economic Development Committee, Risk Management Committee, Compensation Committee (chair), and the Executive and Governance Committee.
| Organization | Position | Status |
|---|---|---|
| Federal Home Loan Bank of Des Moines | Chair | Current |
| Midwest Bank | Chairman | Current |
| The Lake Bank | Vice Chairman | Current |
| The Marshall Group, Inc. | Senior Vice President | Former |
| Norwest Bank | Former | |
| Federal Home Loan Bank of Des Moines | Board of Directors | Former |
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