UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT ~~Pursuant~~ toPURSUANT ~~Section~~ TO SECTION 13 orOR 15(d) OF ofTHE ~~the~~SECURITIES ~~Securities~~EXCHANGE ~~Exchange~~ACT ~~Act~~OF of 1934

Date of Report (Date of ~~earliest~~Earliest ~~event~~Event ~~reported~~Reported): ~~August~~March 2024, ~~2010~~2011

~~Midwest~~MIDWEST ~~Banc~~BANC ~~Holdings~~HOLDINGS, ~~Inc~~INC.

(Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in its ~~charter~~Charter)

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

001-13735
(Commission File Number)

P.O. Box 1547
Melrose Park, IL		60161
(Address of Principal Executive Offices)		(Zip Code)


Delaware (State or other Jurisdiction of Incorporation)		36-3252484 (I.R.S. Employer Identification No.)

~~Registrant’s~~c/o ~~telephone~~Hinshaw ~~number,~~& ~~including~~Culbertson ~~area~~LLP 333 ~~code:~~South ~~708-865-1053~~Seventh Street, Suite 2000 Minneapolis, MN 55402

(~~Former~~Address ~~name~~of orPrincipal ~~former~~Executive ~~address~~Offices) (612) 334-2505 (Registrant’s ifTelephone ~~changed~~Number, ~~since~~Including ~~last~~Area ~~report.~~Code)

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:


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 1.03:. Bankruptcy or Receivership.

~~On August~~March 2028, ~~2010,~~2011 — Midwest Banc Holdings, Inc. ~~(the~~— ~~“Company”),~~Draft ~~filed~~8K aRe ~~voluntary petition in the~~Plan United States Bankruptcy Court for the Northern District of Illinois, Eastern Division (the “Bankruptcy Court”) seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) (Proposed Case No. 10-37319) (the “Case”). The Company continues to operate its business as debtor-in-possession under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.

~~Item~~ On ~~2.04:~~August 20, ~~Triggering~~2010, ~~Events~~Midwest ~~that~~Banc ~~Accelerate~~Holdings, orInc. ~~Increase~~(the “Company”), filed a ~~Direct~~voluntary ~~Financial~~petition ~~Obligation~~in the orUnited anStates ~~Obligation~~Bankruptcy Court for the Northern District of Illinois, Eastern Division (the “Bankruptcy Court”) seeking relief under anthe ~~Off~~provisions of Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) (Case No. 10-~~Balance~~37319) ~~Sheet~~(the ~~Arrangement~~“Case”).

~~The~~ On ~~filing~~March 24, of2011, the ~~Chapter 11~~Company ~~Case~~and ~~described~~the inOfficial ~~Item 1.03~~Committee ~~above constituted an event~~ of ~~default~~Unsecured ~~or otherwise~~Creditors ~~triggered~~appointed ~~repayment obligations under a number of instruments and agreements relating to~~in ~~direct and indirect financial obligations of~~ the ~~Company~~Case (the “~~Debt Documents~~Committee”). Asfiled atheir ~~result~~First ofAmended ~~the events~~Joint Plan of ~~default,~~Liquidation ~~the~~Dated ~~obligations~~March 24, ~~under~~ 2011 (the ~~Debt~~“Plan”) ~~Documents became automatically~~ and ~~immediately due~~Disclosure ~~and~~Statement ~~payable.~~With ~~The~~Respect ~~Company believes that any efforts~~ to ~~enforce~~First ~~the~~Amended ~~payment~~Joint ~~obligations~~Plan ~~under these Debt Documents are stayed as a result~~ of ~~the~~Liquidation ~~filing~~ of Midwest ~~the~~Banc ~~Chapter 11~~Holdings, ~~Case~~Inc. inPursuant ~~the~~to ~~Bankruptcy Court~~11 U.S.C. ~~The~~§ ~~Debt~~1125 ~~Documents and~~ (the ~~approximate~~“Disclosure ~~amount of debt currently outstanding thereunder, are~~Statement”). ~~as follows:~~

~~For~~ On ~~Midwest~~March 25, ~~Capital Trust III~~2011, the ~~Debt~~Plan ~~Documents~~and ~~are~~Disclosure ~~(1)~~ Statement were served on parties in interest in accordance with the ~~indenture,~~Bankruptcy ~~dated~~Court’s ~~December~~March 1918, ~~2003, by~~2011 Order: (A) Approving Solicitation and ~~between~~Notice Procedures ~~the~~With ~~Company~~Respect asto ~~issuer~~Approval of Disclosure Statement and ~~Deutsche~~Confirmation ~~Bank~~of ~~Trust~~Proposed ~~Co.~~First Amended asJoint ~~trustee,~~Plan ~~with~~of ~~respect~~Liquidation; to(B) Approving ~~Junior~~Form of Ballots and Notices in Connection ~~Subordinated~~Therewith; ~~Debentures,~~(C) Conditionally Approving the Disclosure Statement; and (2D) Scheduling Certain Dates and Deadlines with Respect Thereto (the ~~guarantee~~“Solicitation ~~agreement~~Order”). Among other things, ~~dated~~the Solicitation asOrder ofestablishes ~~December~~April 1922, ~~2003,~~2011 byas ~~and~~the deadline for: (i) submission of ballots ~~between~~accepting ~~the~~or ~~Company~~rejecting asthe ~~guarantor~~Plan; (ii) service and ~~Deutsche~~filing ~~Bank~~of ~~Trust~~objections ~~Co.~~to asconfirmation ~~guarantee~~of ~~trustee.~~the ~~Approximately~~Plan; ~~$9.7~~and (iii) ~~million~~service isand ~~currently~~filing ~~outstanding~~of ~~under~~objections to adequacy of the ~~indenture,~~Disclosure ~~all~~Statement. A hearing on confirmation of ~~which~~the Plan and on adequacy of the Disclosure Statement is ~~unsecured~~scheduled for 10:00 a.m. prevailing Central Time on May 4, 2010.

~~For~~ Copies ~~Midwest~~of ~~Capital Trust IV,~~ the ~~Debt Documents are (1) the indenture~~Plan, ~~dated~~Disclosure ~~December 19~~Statement, ~~2003,~~Solicitation ~~by and between the Company as issuer and Wilmington Trust Company as trustee with respect to Floating Rate Junior Subordinated Debt Securities~~Order, and ~~(2) the~~certain ~~guarantee~~other ~~agreement, dated as of December 19,~~documents ~~2003,~~filed byin ~~and between~~ the ~~Company~~bankruptcy ascase ~~guarantor~~are ~~and~~available ~~Wilmington~~at ~~Trust Company as guarantee trustee. Approximately $10.7 million is currently outstanding under~~ the ~~indenture,~~Committee’s ~~all~~informational ~~of which is~~website: ~~unsecured~~http://www.freebornpeters.com/clients/MidwestBanc/midwestBanc.aspx.

~~For Midwest Capital Trust V, the Debt Documents are (1) the indenture, dated June 7, 2005, by and~~SIGNATURES 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~~ Pursuant ~~Northwest~~to ~~Suburban~~the ~~Capital~~requirements ~~Trust~~of I, the ~~Debt~~Securities ~~Documents~~Exchange ~~are~~Act ~~(1) the~~of ~~indenture dated July 23~~1934, ~~2004,~~ ~~by and between the Company~~ as ~~issuer and JPMorgan Chase Bank as trustee with respect to Junior Subordinated Debt Securities~~amended, ~~and (2)~~ the ~~guarantee~~ ~~agreement,~~Registrant ~~dated~~has asduly ofcaused ~~July 23,~~this ~~2004,~~report ~~by and~~to ~~between~~be ~~the~~signed ~~Company~~on asits ~~guarantor~~behalf ~~and~~by ~~JPMorgan Chase Bank as guarantee trustee. Approximately $10.7 million is currently outstanding under~~ the ~~indenture~~undersigned, ~~all~~thereunto duly ~~of which is unsecured~~authorized.

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.


	MIDWEST BANC HOLDINGS, INC.
Date: March 29, 2011	By:	/s/Roberto R. Herencia
		Roberto R. Herencia
		President

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.

As previously reported, the Company entered into a Forbearance Agreement with its lender. This agreement expired on March 31, 2010, allowing the lender to declare all amounts owed to it under the Company’s loan agreements with this lender immediately due and payable. The filing of the Chapter 11 case constituted an 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.

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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