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402:-based First DuPage Bank in a transaction facilitated by the Federal Deposit Insurance Corporation. First Midwest Bank agreed to assume all of the deposits - $ 230 million, and agreed to purchase approximately $ 260 million in assets at a discount of $ 32 million. First Midwest Bank entered into a loss-share transaction with the FDIC providing First Midwest Bank with protection from the FDIC for loan losses.
409:
Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Palos Bank and Trust
Company. In addition to assuming all of the deposits of the failed bank, First Midwest Bank agreed to purchase essentially all of the assets. The FDIC and First Midwest Bank entered into a loss-share transaction on $ 343.8 million of Palos Bank and Trust Company's assets.
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On August 13, 2010, First
Midwest acquired Palos Bank and Trust Company in a transaction facilitated by the Federal Deposit Insurance Corporation. Palos Bank and Trust Company had approximately $ 493.4 million in total assets and $ 467.8 million in total deposits, as of June 30, 2010. First Midwest
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First
Midwest Bank assumed Waukegan Savings Bank's $ 77 million in deposits and $ 89 million in assets following its closure by the FDIC. The two Waukegan branches will open as First Midwest locations.
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On April 23, 2010, First
Midwest Bank acquired Peotone Bank, taking on $ 130 million in assets and $ 127 million in deposits in a transaction facilitated by the Federal Deposit Insurance Corporation.
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banking through more than 125 branches. In 2006, First
Midwest acquired Bank Calumet for $ 307 million in cash, expanding its presence in the northwest Indiana area.
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On
October 23, 2009, First Midwest Bank acquired certain deposits and loans of
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668:"Old National completes $ 6.5 billion acquisition of First Midwest Bankn"
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594:"Waukegan Savings Bank fails; First Midwest takes it over"
453:"Corporation/LLC Search/Certificate of Good Standing"
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357:. From there the company has grown to serve many
427:In 2021, First Midwest announced a merger with
576:"FDIC: Press Releases - PR-189-2010 8/13/2010"
8:
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353:. The company's predecessor traces back to
793:Companies based in DuPage County, Illinois
643:"First Midwest to merge with Indiana bank"
510:"Chicago Sun-Times Archive Search Results"
416:The company acquired naming rights to the
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808:1982 establishments in the United States
803:Companies formerly listed on the Nasdaq
444:
768:American companies established in 1982
435:. This was finished in February 2022.
148:More than 125 branches at 2017-12-31
7:
672:Times of Northwest Indiana / NWI.com
612:"Chicago Tribune | Pop Machine"
377:. First Midwest Bank is one of the
823:2022 disestablishments in Illinois
788:Defunct banks of the United States
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712:
616:featuresblogs.chicagotribune.com
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813:1982 establishments in Illinois
418:First Midwest Bank Amphitheatre
641:Schwarz, Orrin (1 June 2021).
369:, southeast Wisconsin and the
1:
818:2022 mergers and acquisitions
291:$ 2.69 billion at 2020-12-31
125:8750 W. Bryn Mawr, Suite 1300
16:Publicly Traded American Bank
778:Banks disestablished in 2022
492:"Definitive Proxy Statement"
387:First Midwest Bank provides
379:largest banking institutions
361:suburbs including northwest
279:$ 21.5 billion at 2021-06-30
701:First Midwest Bancorp, Inc.
343:First Midwest Bancorp, Inc.
78:; 42 years ago
20:First Midwest Bancorp, Inc.
839:
773:Banks established in 1982
330:Archived official website
159:Chicago metropolitan area
24:
598:Crain's Chicago Business
542:Crain's Chicago Business
783:Banks based in Illinois
744:41.990097°N 88.017208°W
261:$ 107.9 million (2020)
749:41.990097; -88.017208
422:Tinley Park, Illinois
345:was headquartered in
336: (archive index)
740: /
303:Number of employees
144:Number of locations
21:
367:downstate Illinois
321:First Midwest Bank
247:Financial Analysis
223:Investment Banking
67:Financial services
63:Commercial banking
600:. August 3, 2012.
429:Old National Bank
347:Chicago, Illinois
340:
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239:Wealth Management
215:Corporate Banking
115:Old National Bank
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798:Itasca, Illinois
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186:Robert O'Meara (
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373:area including
349:, just east of
334:Wayback Machine
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297:13.5% from 2019
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267:46.0% from 2019
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720:Banks portal
675:. Retrieved
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650:. Retrieved
647:Daily Herald
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624:. Retrieved
620:the original
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457:. Retrieved
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317:Subsidiaries
311:(2020-12-31)
286:Total equity
274:Total assets
243:Credit Cards
121:Headquarters
113:Acquired by
34:Company type
747: /
705:SEC Filings
496:www.sec.gov
478:www.sec.gov
474:"Form 10-K"
455:. Ilsos.gov
371:Quad Cities
154:Area served
54:: FMBI
762:Categories
735:88°01′02″W
732:41°59′24″N
677:2022-12-08
626:17 January
538:"Homepage"
459:2020-03-30
439:References
433:Evansville
256:Net income
182:Key people
697:(Archive)
652:18 August
219:Insurance
175:Wisconsin
46:Traded as
400:Westmont
393:business
207:Products
188:chairman
163:Illinois
132:Illinois
88:Illinois
59:Industry
381:in the
363:Indiana
359:Chicago
332:at the
326:Website
167:Indiana
128:Chicago
100: (
95:Defunct
81: (
73:Founded
389:retail
307:2,074
90:, U.S.
52:Nasdaq
38:Public
654:2021
628:2022
391:and
375:Iowa
171:Iowa
137:U.S.
110:Fate
102:2022
98:2022
83:1982
76:1982
420:in
309:FTE
200:CFO
194:CEO
764::
703:-
670:.
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104:)
85:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.