"First Midwest to merge with Indiana bank". Archived from the original on 30 April 2006.
In 2021, First Midwest announced a merger with Old National Bank, combining the companies assets, retaining the Old National name and maintaining headquarters in Chicago and Evansville. The company acquired naming rights to the First Midwest Bank Amphitheatre in Tinley Park, Illinois. The two Waukegan branches will open as First Midwest locations. įirst Midwest Bank assumed Waukegan Savings Bank's $77 million in deposits and $89 million in assets following its closure by the FDIC. The FDIC and First Midwest Bank entered into a loss-share transaction on $343.8 million of Palos Bank and Trust Company's assets. In addition to assuming all of the deposits of the failed bank, First Midwest Bank agreed to purchase essentially all of the assets. First Midwest Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Palos Bank and Trust Company. 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. Together with wife Lyn, he has three children - Ben (born in 1988) and twins Madeline and Brianna (born in 1984). On August 13, 2010, First Midwest acquired Palos Bank and Trust Company in a transaction facilitated by the Federal Deposit Insurance Corporation. From marriage number two to Frances, he had Kate (born 1957) and Maggie (born 1959). 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. First Midwest Bank entered into a loss-share transaction with the FDIC providing First Midwest Bank with protection from the FDIC for loan losses. 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. On October 23, 2009, First Midwest Bank acquired certain deposits and loans of Westmont-based First DuPage Bank in a transaction facilitated by the Federal Deposit Insurance Corporation. In 2006, First Midwest acquired Bank Calumet for $307 million in cash, expanding its presence in the northwest Indiana area.
First Midwest Bank is one of the largest banking institutions in the United Statesįirst Midwest Bank provides retail and business banking through more than 125 branches. From there the company has grown to serve many Chicago suburbs including northwest Indiana, downstate Illinois, southeast Wisconsin and the Quad Cities area including Iowa. The company's predecessor traces back to Joliet, Illinois. Archived official website at the Wayback Machine (archive index)įirst Midwest Bancorp, Inc was headquartered in Chicago, Illinois, just east of O'Hare Airport.
0 kommentar(er)
