Midwest Banc Holdings Inc. of Melrose Park, Ill., has announced that Brad A. Luecke, its president and chief executive officer, will retire Oct. 6.
The $2.3 billion-asset company said in a press release Tuesday that James J. Giancola would succeed Mr. Luecke. Mr. Giancola is the former president of Fifth Third Bank Indiana. He had been the president and CEO of CNB Bancshares Inc. until Fifth Third acquired it in 1999.
Mr. Luecke, 53, has been Midwest’s CEO since July 2000.
Midwest has run into trouble with regulators recently. In a written agreement signed in March with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Midwest pledged to improve its risk management practices. In July it said the Securities and Exchange Commission had opened an inquiry into its restatement of third-quarter 2002 earnings.
