Knowledge (XXG)

First Midwest Bancorp

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27: 714: 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
709: 316: 255: 743: 730: 218: 174: 668:"Old National completes $ 6.5 billion acquisition of First Midwest Bankn" 392: 187: 162: 131: 87: 537: 362: 358: 166: 388: 51: 273: 374: 170: 594:"Waukegan Savings Bank fails; First Midwest takes it over" 453:"Corporation/LLC Search/Certificate of Good Standing" 325: 315: 301: 283: 271: 253: 206: 180: 152: 142: 120: 109: 94: 72: 58: 43: 33: 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: 19: 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 25: 18: 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 14: 712: 616:featuresblogs.chicagotribune.com 293: 292: 263: 262: 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: 339: 239:Wealth Management 215:Corporate Banking 115:Old National Bank 830: 798:Itasca, Illinois 755: 754: 752: 751: 750: 745: 741: 738: 737: 736: 733: 722: 717: 716: 715: 695:Official website 682: 681: 679: 678: 664: 658: 657: 655: 653: 638: 632: 631: 629: 627: 622:on 30 April 2006 618:. Archived from 608: 602: 601: 590: 584: 583: 572: 566: 562: 556: 552: 546: 545: 534: 528: 524: 518: 517: 506: 500: 499: 488: 482: 481: 470: 464: 463: 461: 460: 449: 355:Joliet, Illinois 296: 295: 288: 276: 266: 265: 211:Consumer Banking 186:Robert O'Meara ( 105: 103: 86: 84: 79: 29: 22: 838: 837: 833: 832: 831: 829: 828: 827: 758: 757: 748: 746: 742: 739: 734: 731: 729: 727: 726: 718: 713: 711: 691: 686: 685: 676: 674: 666: 665: 661: 651: 649: 640: 639: 635: 625: 623: 610: 609: 605: 592: 591: 587: 574: 573: 569: 563: 559: 553: 549: 536: 535: 531: 525: 521: 514:nl.newsbank.com 508: 507: 503: 490: 489: 485: 472: 471: 467: 458: 456: 451: 450: 446: 441: 373:area including 349:, just east of 334:Wayback Machine 304: 297:13.5% from 2019 284: 272: 267:46.0% from 2019 258: 249: 231:Private Banking 197: 191: 183: 161: 155: 145: 138: 134: 126: 101: 99: 82: 80: 77: 65: 48: 17: 12: 11: 5: 836: 834: 826: 825: 820: 815: 810: 805: 800: 795: 790: 785: 780: 775: 770: 760: 759: 724: 723: 708: 707: 698: 690: 689:External links 687: 684: 683: 659: 633: 603: 585: 567: 557: 547: 529: 519: 501: 483: 465: 443: 442: 440: 437: 351:O'Hare Airport 338: 337: 327: 323: 322: 319: 313: 312: 305: 302: 299: 298: 289: 281: 280: 277: 269: 268: 259: 254: 251: 250: 235:Private Equity 227:Mortgage loans 208: 204: 203: 198:Paul Clemens ( 192:Mike Scudder ( 184: 181: 178: 177: 156: 153: 150: 149: 146: 143: 140: 139: 136: 124: 122: 118: 117: 111: 107: 106: 96: 92: 91: 74: 70: 69: 60: 56: 55: 49: 44: 41: 40: 35: 31: 30: 15: 13: 10: 9: 6: 4: 3: 2: 835: 824: 821: 819: 816: 814: 811: 809: 806: 804: 801: 799: 796: 794: 791: 789: 786: 784: 781: 779: 776: 774: 771: 769: 766: 765: 763: 756: 753: 721: 710: 706: 702: 699: 696: 693: 692: 688: 673: 669: 663: 660: 648: 644: 637: 634: 621: 617: 613: 607: 604: 599: 595: 589: 586: 581: 577: 571: 568: 565: 561: 558: 555: 551: 548: 543: 539: 533: 530: 527: 523: 520: 515: 511: 505: 502: 497: 493: 487: 484: 479: 475: 469: 466: 454: 448: 445: 438: 436: 434: 430: 425: 423: 419: 414: 410: 406: 403: 401: 396: 394: 390: 385: 384: 383:United States 380: 376: 372: 368: 364: 360: 356: 352: 348: 344: 335: 331: 328: 324: 320: 318: 314: 310: 306: 300: 290: 287: 282: 278: 275: 270: 260: 257: 252: 248: 244: 240: 236: 232: 228: 224: 220: 216: 212: 209: 205: 201: 195: 189: 185: 179: 176: 172: 168: 164: 160: 157: 151: 147: 141: 133: 129: 123: 119: 116: 112: 108: 97: 93: 89: 75: 71: 68: 64: 61: 57: 53: 50: 47: 42: 39: 36: 32: 28: 23: 725: 720:Banks portal 675:. Retrieved 671: 662: 650:. Retrieved 647:Daily Herald 636: 624:. Retrieved 620:the original 615: 606: 597: 588: 580:www.fdic.gov 579: 570: 560: 550: 541: 532: 522: 513: 504: 495: 486: 477: 468: 457:. Retrieved 447: 426: 415: 411: 407: 404: 397: 386: 342: 341: 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:. 645:. 614:. 596:. 578:. 540:. 512:. 494:. 476:. 424:. 365:, 245:, 241:, 237:, 233:, 229:, 225:, 221:, 217:, 213:, 190:) 173:, 169:, 165:, 135:, 130:, 680:. 656:. 630:. 582:. 544:. 516:. 498:. 480:. 462:. 202:) 196:) 104:) 85:)

Index


Public
Traded as
Nasdaq
Commercial banking
Financial services
Illinois
Old National Bank
Chicago
Illinois
Chicago metropolitan area
Illinois
Indiana
Iowa
Wisconsin
chairman
CEO
CFO
Consumer Banking
Corporate Banking
Insurance
Investment Banking
Mortgage loans
Private Banking
Private Equity
Wealth Management
Credit Cards
Financial Analysis
Net income
Total assets

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