First Midwest Bancorp, Inc.
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ROIC.AI
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- First Midwest Bancorp, Inc. (FMBI) operates as the bank holding company for First Midwest Bank, providing a full range of commercial and retail banking products and services; these include checking, NOW, money market, and savings accounts; short-term and long-term certificates of deposit; commercial, industrial, agricultural, commercial real estate, and consumer loans; treasury management services; and wealth management offerings such as fiduciary and executor services, financial planning, investment advisory, employee benefit plans, private banking, and services for corporate retirement plans, foundations, endowments, high-net-worth individuals, and multi-employer trust funds. The company also offers debit and credit cards, automated teller machine access, internet and mobile banking, telephone banking, and financial education services to its business, municipal, and individual customers. Founded in 1982 and headquartered in Chicago, Illinois, First Midwest Bancorp serves markets across northern and downstate Illinois, northwest Indiana, southeast Wisconsin, and the Quad Cities area including Iowa through more than 125 branches. In a major strategic development completed in February 2022, First Midwest Bancorp merged with Old National Bancorp in an all-stock transaction valued at approximately $6.5 billion, creating a larger Midwestern banking entity with combined assets exceeding $45 billion under the Old National name and dual headquarters in Chicago, Illinois, and Evansville, Indiana; this merger accelerated investments in digital capabilities, consumer banking, wealth management, and commercial services while Michael Scudder, former chairman and CEO of First Midwest, assumed the role of executive chairman. Prior to the merger, the company pursued growth through acquisitions such as Standard Bancshares Inc. in 2021 and earlier FDIC-assisted purchases including Palos Bank and Trust Company in 2010, Peotone Bank in 2010, and First DuPage Bank in 2009, expanding its deposit base and branch network in Chicago suburbs and adjacent markets. The company's official website now redirects to Old National Bank, reflecting the full integration of operations.
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First Midwest Bancorp, Inc. Announces 2021 Second Quarter Results – EPS Up 156% From a Year Ago
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