UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

~~____________________________~~CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~CURRENT~~Date ~~REPORT Pursuant~~of toReport ~~Section 13 OR 15~~(d)Date of ~~The~~earliest ~~Securities~~event ~~Exchange~~reported): ~~Act~~August 20, ~~of 1934~~2010

~~Date~~Midwest ofBanc ~~Report (Date of earliest event reported) August 2~~Holdings, ~~2010~~Inc.

~~MIDWEST~~ (Exact ~~BANC~~name ~~HOLDINGS,~~of ~~INC.~~ registrant as specified in its charter)

(Exact Name of Registrant as Specified in Its Charter)


Delaware	001-13735	36-3252484

(State or other Jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
Incorporation)

Delaware (State or other jurisdiction of incorporation) 001-13735 (Commission File Number) 36-3252484 (IRS Employer Identification No.)


P.O. Box 1547
Melrose Park, IL		60161

(Address of Principal Executive Offices)		(Zip Code)

~~P.O.Box~~ Registrant’s ~~1547~~telephone ~~Melrose Park~~number, ~~Illinois~~including ~~(Address~~area ofcode: ~~principal executive offices) 60161 (Zip Code)~~708-865-1053

~~Registrant’s~~(Former ~~telephone~~name ~~number,~~or ~~including~~former ~~area~~address ~~code:~~if ~~(708~~changed since last report.) ~~865-1053~~

~~N/A (Former~~Check ~~name~~the orappropriate ~~former~~box ~~address,~~below if ~~changed~~the ~~since~~Form ~~last~~8-K ~~report)~~filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 21.~~04.~~03: ~~Triggering~~Bankruptcy ~~Events That Accelerate~~ or ~~Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement~~Receivership

On August 20, 2010, Midwest Banc Holdings, Inc. (the “Company”), isfiled ~~obligated~~a ~~under~~voluntary anpetition ~~indenture,~~in ~~dated as of~~the ~~December 19,~~United ~~2003~~States ~~(the~~Bankruptcy ~~“Indenture”),~~Court for ~~$10.0 million~~the ofNorthern ~~junior~~District ~~subordinated~~of ~~debt~~Illinois, ~~securities~~Eastern ~~due 2033~~Division (the “~~Debt~~Bankruptcy ~~Securities~~Court”). Onseeking ~~August 2,~~relief ~~2010,~~under the ~~Company~~provisions ~~received~~of ~~from~~Chapter 11 ~~Wilmington~~of ~~Trust~~Title ~~Company (“WTC”),~~11 asof ~~trustee under~~ the ~~Indenture,~~United States aCode ~~notice of event of default~~ (the “~~Notice~~Bankruptcy Code”) ~~under~~(Proposed ~~the terms~~Case ofNo. 10-37319) (the ~~Company’s Debt Securities and related trust preferred securities of MBHI Capital Trust IV, an unconsolidated subsidiary of the Company~~“Case”). The ~~Notice asserts that the previously reported~~Company ~~naming~~continues ofto ~~the~~operate ~~Federal~~its ~~Deposit~~business ~~Insurance~~as ~~Corporation~~debtor-in-possession (under the ~~“FDIC”)~~jurisdiction ~~as receiver~~ of the ~~Company’s~~Bankruptcy ~~wholly-owned~~Court ~~subsidiary,~~and ~~Midwest~~in ~~Bank~~accordance ~~(the~~with ~~“Bank”), and~~ the ~~assumption~~applicable ofprovisions ~~all~~ of the ~~deposits~~Bankruptcy ~~of the~~Code ~~Bank~~ and the ~~assumption~~orders of ~~its banking operation constitutes a default under~~ the ~~Indenture.~~ ~~The~~Bankruptcy ~~Company does not believe that these events in and of themselves constitute a default~~Court.

~~Upon~~Item ~~the~~2.04: ~~occurrence~~Triggering ofEvents anthat ~~event~~Accelerate ofor ~~default~~Increase ~~under~~a ~~the~~Direct ~~Indenture,~~Financial ~~subject~~Obligation ~~to any applicable cure period, the entire principal, premium and any accrued unpaid interest may be declared immediately due and payable by either the trustee~~ or ~~the~~an ~~holders~~Obligation ofunder ~~the~~an ~~Debt~~Off-Balance ~~Securities.~~ Sheet Arrangement

~~WTC~~The ~~has~~filing ~~informed~~of the ~~Company~~Chapter 11 ~~that~~Case itdescribed ~~will~~in ~~take~~Item 1.03 noabove ~~further~~constituted ~~action~~an ~~under~~event ~~the~~of ~~Indenture,~~default ~~except~~or inotherwise ~~its~~triggered ~~sole~~repayment obligations under a number of instruments and ~~absolute~~agreements ~~discretion~~relating to direct and indirect financial obligations of the Company (the “Debt Documents”). As a result of the events of default, ~~unless~~the itobligations ~~receives~~under ~~written~~the ~~direction~~Debt Documents became automatically and ~~indemnity~~immediately ~~satisfactory~~due and payable. The Company believes that any efforts to ~~WTC~~enforce ~~from~~the payment obligations under these Debt Documents are stayed as a result of the ~~holders~~filing of the ~~Debt~~Chapter 11 ~~Securities~~Case in the Bankruptcy Court. The Debt Documents and the approximate amount of debt currently outstanding thereunder, are as follows:

~~The~~For ~~Company~~Midwest isCapital ~~obligated~~Trust ~~under~~III, anthe Debt Documents are (1) the indenture, dated ~~as of~~ December 19, 2003 ~~(the “Indenture-II”)~~, by ~~for~~and ~~$9.0 million~~between ~~of junior subordinated debt securities due 2033 (~~the ~~“Notes”).~~Company ~~On August 2,~~as ~~2010,~~issuer ~~the~~and ~~Company~~Deutsche ~~received from~~ Bank ofTrust ~~New York Mellon, N~~Co.A. ~~(“BNYM”),~~ as trustee ~~on behalf of Trapeza CDC V~~, ~~Ltd.,~~with arespect ~~notice declaring the Notes issued~~ to ~~MBHI Capital Trust III, an~~Junior ~~unconsolidated~~Subordinated ~~subsidiary of the Company~~Debentures, ~~to be immediately due~~ and ~~payable~~ (2) the ~~“Notice”).~~guarantee ~~The Notice~~agreement, ~~asserts~~dated ~~that~~as ~~the events~~ of ~~default under the Notes occurred on July~~December 1419, ~~2009~~2003, ~~and~~by ~~May 14,~~and ~~2010,~~between ~~thereby permitting BNYM to declare~~ the ~~Notes~~Company ~~immediately~~as ~~due~~guarantor and ~~payable.~~Deutsche ~~However,~~Bank ~~the Notice~~Trust ~~does~~Co. ~~not~~as ~~specify~~guarantee ~~what~~trustee. ~~events occurred on July~~Approximately $9.7 ~~14,~~million ~~2009~~is ~~and~~currently ~~May 14,~~outstanding ~~2010 that constituted events of default~~ under the ~~Notes.~~indenture, ~~The~~all ~~Company does not believe that events~~ of ~~default~~which ~~have occurred~~is ~~under the Notes~~unsecured.

For Midwest Capital Trust IV, the Debt Documents are (1) the indenture, dated December 19, 2003, by and between the Company as issuer and Wilmington Trust Company as trustee with respect to Floating Rate Junior Subordinated Debt Securities, and (2) the guarantee agreement, dated as of December 19, 2003, by and between the Company as guarantor and Wilmington Trust Company as guarantee trustee. Approximately $10.7 million is currently outstanding under the indenture, all of which is unsecured.

For Midwest Capital Trust V, the Debt Documents are (1) the indenture, dated June 7, 2005, by and between the Company as issuer and Wilmington Trust Company as trustee with respect to Floating Rate Junior Subordinated Deferrable Interest Debentures, and (2) the guarantee agreement, dated as of June 7, 2005, by and between the Company as guarantor and Wilmington Trust Company as guarantee trustee. Approximately $21.3 million is currently outstanding under the indenture, all of which is unsecured.

For Northwest Suburban Capital Trust I, the Debt Documents are (1) the indenture dated July 23, 2004, by and between the Company as issuer and JPMorgan Chase Bank as trustee with respect to Junior Subordinated Debt Securities, and (2) the guarantee agreement, dated as of July 23, 2004, by and between the Company as guarantor and JPMorgan Chase Bank as guarantee trustee. Approximately $10.7 million is currently outstanding under the indenture, all of which is unsecured.

For Royal Capital Trust I, the Debt Documents are (1) the indenture, dated July 23, 2004, by and between the Company and JPMorgan Chase Bank as trustee with respect to Junior Subordinated Debt Securities, and (2) the guarantee agreement, dated as of July 23, 2004, by and between the Company as guarantor and JPMorgan Chase Bank as guarantee trustee. Approximately $10.8 million is currently outstanding under the indenture, all of which is unsecured.

~~SIGNATURES~~For debt owed to a third party lender, the Debt Document is a Junior Subordinated Debenture, dated as of March 31, 2008, by and between the Company and the lender. Approximately $15.4 million is currently outstanding under the debenture, all of which is unsecured.

~~Pursuant~~As topreviously reported, the ~~requirements~~Company ofentered ~~the~~into ~~Securities~~a ~~Exchange~~Forbearance ~~Act~~Agreement ofwith ~~1934~~its lender. This agreement expired on March 31, 2010, allowing the ~~registrant~~lender ~~has~~to ~~duly~~declare all amounts owed to it under ~~caused~~the Company’s loan agreements with this ~~report~~lender toimmediately bedue ~~signed~~and onpayable. ~~its~~The ~~behalf~~filing byof the Chapter 11 ~~undersigned~~case ~~hereunto~~constituted ~~duly~~an ~~authorized~~event of default under these Debt Documents. As a result, these obligations are immediately due and payable. Approximately $79.1 million is currently outstanding under these instruments.

	Midwest Banc Holdings, Inc.
	By:	/s/ Roberto R. Herencia
		Roberto R. Herencia
August 6, 2010		President and Chief Executive Officer

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


		MIDWEST BANC HOLDINGS, INC.
		(Registrant)


		/s/ Roberto R. Herencia
		Roberto R. Herencia
		President and Chief Financial Officer

Date: August 23, 2010

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