Newspaper article from our research archive:

Mid America Bank's parent to buy Mid Town Bancorp

The parent company of Mid America Bank said Thursday it will buy Mid Town Bancorp Inc. for $69 million, allowing Mid America, which specializes in single-family mortgages, to tap into some of the North Side's hottest residential real estate markets.

The acquisition will be Mid America's first since April 2000, when it bought two branches in south suburbs, It will give the bank Mid Town's four branches, which are in the prosperous Bucktown, Lake View and Lincoln Park neighborhoods. Mid America's parent company, MAF Bancorp, with $5.3 billion of assets, will pay 80 percent in cash and 20 percent in stock for privately owned Mid Town, which has $322 million of assets.

Clarendon Hills-based MAF ...

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