Nov. 11, 2010 at 7:43 a.m.
Filed under:
Bank failures,
Banking,
International,
Trade
By Becky Yerak
Roberto Herencia, the former chief executive of Midwest Banc Holdings Inc., has been nominated to serve on the board of directors of the Overseas Private Investment Corp., the Obama administration announced Wednesday.
The OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas. On its Web site, OPIC says it charges market-based fees for its products and services and therefore operates at no net cost to taxpayers. Get the full story »
June 28, 2010 at 6:07 p.m.
Filed under:
Banking,
Consulting,
Government,
Personnel moves
By Becky Yerak
Roberto R. Herencia has left Midwest Banc Holdings Inc., whose Midwest Bank unit failed last month, but has signed a consulting agreement that could pay him $25,000 a month.
In May, Midwest Bank, a $3.17 billion-asset lender that was among the first community banks to get federal bailout funds, was seized by regulators after failing to raise capital it needed to stay independent. Get the full story »
