Midwest Banc Holdings Inc. said Friday that a current board member, Homer J. Livingston Jr., has been elected chairman of the holding company as well as chairman of Midwest Bank and Trust Co.
Mr. Livingston succeeds E.V. Silveri, who had been the company's chairman since 1983 and chairman of the bank since 1975. Under Mr. Silveri, the Melrose, Ill., bank grew from $75 million of assets in 1975 to $3.7 billion. Mr. Silveri will remain a director for another year.
Mr. Livingston joined the board in May 2005.
He is the former president and chief executive of both the Chicago Stock Exchange and LaSalle National Bank.
"We have been very pleased with the contributions that Homer Livingston has made to the board and as chairman of our corporate governance and nominating committee … ," Mr. Silveri said in a press release. "Homer's banking, investment banking, and public company board experience are great assets that will complement our strategic growth plans and the leadership of our chief executive officer, Jim Giancola, as Midwest Banc Holdings moves forward."
