First Midwest Bancorp, Inc. Declares Third Quarter Cash Dividend of $0.08 per Share

ITASCA, IL--(Marketwired - Aug 20, 2014) - First Midwest Bancorp, Inc. ("First Midwest") (NASDAQ: FMBI), the holding company for First Midwest Bank, announced today that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.08 per share. This quarterly cash dividend will be payable on October 14, 2014 to common stockholders of record on September 26, 2014 and will represent the 127^th consecutive dividend paid by First Midwest since its inception in 1983.

About First Midwest

First Midwest, with assets of approximately $9.0 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of Illinois' largest independent bank holding companies, First Midwest, through its subsidiary bank and other affiliates, provides a full range of business and retail banking and wealth management services through approximately 100 banking offices located in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest has been recognized by J.D. Power as having the "Highest Customer Satisfaction with Retail Banking in the Midwest Region" according to the 2014 Retail Banking Satisfaction Study(SM). First Midwest's website is www.firstmidwest.com.