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Standard Bancshares, Inc. Completes Strategic Recapitalization

        Standard Bancshares, Inc. Completes Strategic Recapitalization

Raises $138 million in New Capital

PR Newswire

HICKORY HILLS, Ill., Feb. 26, 2013

HICKORY HILLS, Ill., Feb. 26, 2013 /PRNewswire/ -- Standard Bancshares, Inc.,
parent company of Standard Bank and Trust Co., today announced that it has
completed its previously announced placement of $138 million in newly-issued
common stock of the Company to a group of investors.

"This capital will allow Standard to fully repay its TARP obligations to the
U.S. Department of the Treasury while significantly improving our balance
sheet and capital position," said Lawrence P. Kelley, President, Chief
Executive Officer and Vice Chairman of the Company. "It will not only
materially improve our capital ratios, it will also facilitate our ability to
meet the needs of our retail and commercial banking customers, and take
advantage of anticipated growth opportunities in the consolidating Midwestern
banking market."

The Company also announced that veteran Chicago area bankers Robert A. Rosholt
and Allen Koranda have formally joined its board of directors, and that Mr.
Rosholt has been named lead independent director. Mr. Rosholt formerly
served as Executive Vice President and Chief Financial Officer at First
Chicago, First Chicago NBD, and Bank One, and is currently Chairman of the
Board of HCC Insurance Holdings, Inc. Mr. Koranda is the former Chairman and
CEO of MAF Bancorp, Inc., which was the holding company for MidAmerica Bank.


Investors in the recapitalization include an investment entity managed by
Stone Point Capital LLC, and investment entities managed by or clients of
Pantheon Ventures (US) LP, Cohesive Capital Partners, W Capital Partners,
Constellation Wealth Advisors LLC, Athena Capital Advisors LLC, and others.

River Branch Capital LLC and Stifel, Nicolaus & Company, Incorporated acted as
placement agents and Kirkland & Ellis, LLP as legal advisor to Standard
Bancshares, Inc.

About Standard Bancshares, Inc.

Standard Bancshares, Inc., through its Standard Bank and Trust Co. community
banking subsidiary, delivers a wide range of retail, commercial and wealth
management services to a diverse and growing client base. The locally-owned
and managed Company, which was founded in 1947, operates 42 full service
banking locations throughout the Chicago area and Northwest Indiana and is
committed to supporting and investing in the neighborhoods and communities it
serves. As of Dec. 31, 2012 the Company had $2.2 billion in assets.

SOURCE Standard Bancshares, Inc.

Contact: Larry Kelley, Standard Bancshares, Inc., +1-708-499-2000,
lawrence.kelley@standardbanks.com; or George M. Morvis, Financial Shares
Corporation, +1-630-734-8116, ext. 228, george@financialshares.com
 
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