MD Iinvestments

Archived MDI News

American Banker, December 13, 2011
Will Penny Pritzker's P.E. Fund Invest in Banks?

Crain’s Chicago Business, September. 12, 2011
Feds play God with weak banks; FDIC rejects bid to save one bank, hoping cash will prop up another.

American Banker, August 17, 2011
Should Mercantile Sell Its Main Bank to Save Itself?

Crain’s Chicago Business, August 1, 2011
A tough climate for indie banks; Community lenders sweat as rivals move in

Crain’s Chicago Business, August 1, 2011
Capital steps: a challenging climb; Under the gun, banks scramble to raise funds.

American Banker, July 7, 2011
Consent Order Fall Not Exactly Positive

American Banker, June 6, 2011
Poor Returns Stymie Chicago M&A

American Banker, April 26, 2011
BankAtlantic CEO: "We've Done What's Necessary" for Thrift's Health

American Banker, April 8, 2011
Carver Feels Heat from Recession, OTS

American Banker, March 10 2011
Illinois Consent Orders No Longer Death Knell for Targets

American Banker, January 6, 2011
In Bankruptcy, AmWest May Be Blazing Trail for Others

Founder of failed bank faces condo foreclosure
Crain’s Chicago Business, June 23, 2011
Michael Iannaccone, president of MDI Investments, discusses the negative impact of construction and development loans on the Chicago banking market.

Bank M&A Modest, But Momentum Could Build
SNL Financial, April 13, 2011
Michael Iannaccone, president of MDI Investments, tells SNL Financial that interest in traditional deals is growing. But he added that lingering real estate woes make it difficult for would-be buyers to assess losses they would have to absorb. This is impeding many buyers and stalling activity, he said. “Real estate still needs to improve,” Iannaccone said. Sellers seek prices based primarily on franchise value, while buyers want steep discounts for future credit losses. “So while the interest is there,” he said, “often the math doesn’t work.”

Data Dispatch: SNL Q3'10 League Tables: Bank M&A headed for better days
SNL Financial, October 13, 2010
Michael Iannaccone, president of MDI Investments, is quoted on the status of mergers and acquisition activity in the banking industry.

Struggling Hispanic Lender Fighting for Survival
Chicago Tribune, August 3, 2010
Reporter Becky Yerak reports on steps taken by Second Federal Savings to raise capital and obtain minority designation. Click here to read about the role MDI Investments, Inc. is playing in keeping the thrift in business.

Data Dispatch: SNL Q2'10 League Tables: Bank M&A anemic but evolving
SNL Financial, July 14, 2010
Michael Iannaccone, president of MDI Investments, told SNL that activity among community banks, in particular, is likely to pick up by 2011.

GreenChoice, Newport Capital Fund Family Federal Acquisition
The Distressed Debt Report, July 21, 2010
The Distressed Debt Report discusses the role MDI Investments played in the acquisition of Family Federal Savings of Illinois by GreenChoice Holding Company, in a transaction that saved the thrift.

Inside Financial Services
Chicago Tribune, July 2, 2010
The Chicago Tribune’s Becky Yerak discusses the purchase of Family Federal Savings of Illinois by GreenChoice Bank in a transaction that saved the 100-year-old thrift. MDI Investments, Inc. advised Family Federal during the rescue. Scroll down to the second item called “Give and Take.”

Chicago-area banks losing money
Chicago Tribune, June 29, 2010
The Chicago Tribune’s Becky Yerak writes about a new report from MDI Investments and Loan Workout Advisers that analyzes the latest available financial data detailing the health of Chicago area banks.

Gluttons for Capital
US Banker, March 1, 2010
Michael Iannaccone is quoted extensively in this article on how banks are finding fresh capital.

Chicago Reader, December 3, 2009
The Chicago Reader’s Mick Dumke interviews Michael Iannaccone in December 2009 on banking issues related to the family bank of US Senate candidate Alexi Giannoulias.

SNL Financial, August 31, 2009
SNL Financial interviews Michael Iannaccone in 2009 about M&A activity and private equity investments in the banking industry.

Chicago Tribune, September 15, 2009
The Chicago Tribune’s Michael Oneal interviews Michael Iannaccone in 2009 on raising bank capital.