Midwest Banc Holdings Announces Third Quarter 2007 Earnings Call

Midwest Banc Holdings, Inc. (NASDAQ: MBHI) announced that it will release third quarter 2007 earnings after the market closes on Tuesday, October 23, 2007 and conduct a conference call to discuss these results the following morning, October 24, 2007, at 11:00 A.M. eastern/10:00 A.M. central.

The webcast and call will be hosted by members of management. A brief discussion of quarterly results and trends will be followed by questions from professional investors and analysts invited to participate in the interactive portion of the discussion.

Interested parties wishing to participate in the interactive portion of the call can dial in at (877) 407-0778 or (201) 689-8565 for international calls. The live webcast can be accessed at www.midwestbanc.com and will be available for replay on that website through January 24, 2008. The audio replay may be accessed through November 1, 2007 at (877) 660-6853 or (201) 612-7415 for international calls, account number 286, conference ID number 257541.

Midwest Banc Holdings, Inc. provides a wide range of retail and commercial lending services, personal and corporate trust services, and securities and insurance brokerage activities throughout the greater Chicago metropolitan area. The Company's principal operating subsidiaries are: Midwest Bank and Trust Company, Midwest Financial and Investment Services, Inc., and Midwest Bank Insurance Services, LLC.

For further information, please contact: Daniel R. Kadolph Executive Vice President and Chief Financial Officer (708) 450-6759