In Brief: Changing Course, Midcity Of Chicago Seeks Targets

A $1.8 billion-asset Chicago banking company that three months ago was looking for a buyer said it is seeking community banks to buy instead.

Midcity Financial Corp., the parent of three Chicago-area banks and banks in Dallas and Oklahoma City, in early January said it had hired New York-based Donaldson, Lufkin & Jenrette to explore a merger or sale.