Midfed Acquisition completed the acquisition of Midland Capital Holdings for $11.8m.

Midfed Acquisition, a corporation headed by experienced bank executives and investors, completed the acquisition of Midland Capital Holdings, the holding company of Midland Federal Savings and Loan Association, for $11.8m. "We wish to thank the current Board of Directors of Midland Federal for the opportunity to expand on the Midland Federal legacy. We are committed to Midland Federal's customers and employees, and our investment in the Bank will allow us to increase the products and services offered by the Bank, enhance technology and enhance community convenience, while maintaining an exceptional customer experience. The management team lead by Joe Kirkeeng, President and Chief Executive Officer and Scott Hamer, Chief Financial Officer, bring decades of industry and local market experience to the organization," Kurt Fuchs, Midfed Acquisition President.