The vultures are circling around Midwest Banc Holdings Inc., and it's a scene that could become increasingly common as competition for failed banks intensifies nationwide.

As many as 10 companies are preparing bids to take over the assets of the company's deeply troubled Midwest Bank & Trust Co. unit, sources said. Midwest, with $3.4 billion of assets, is nearing the end of a 45-day deadline regulators gave it to bring in more equity or face seizure.

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