Contact Information: CONTACT: Cynthia Lance (Media) EVP and Corporate Secretary First Midwest Bancorp, Inc. (630) 875-7345 Paul Clemens (Investors) EVP and Chief Financial Officer First Midwest Bancorp, Inc. (630) 875-7347
First Midwest Bancorp, Inc. Announces Closing of $207 Million Common Stock Offering
| Source: First Midwest Bancorp, Inc.
ITASCA, IL--(Marketwire - January 20, 2010) - First Midwest Bancorp, Inc. ("First Midwest" or
the "Company") (NASDAQ : FMBI ) today announced the closing of its
underwritten public offering of approximately 18.8 million shares of the
Company's common stock at a price to the public of $11.00 per share, for
gross proceeds of approximately $207 million. The net proceeds to the
Company after deducting underwriting discounts and commissions and
estimated offering expenses were approximately $196 million.
Goldman, Sachs & Co. and Keefe, Bruyette & Woods, Inc. acted as joint
bookrunners for the offering. Sandler O'Neill + Partners, L.P. acted as
co-manager for the offering.
This press release is for informational purposes only and shall not
constitute an offer to sell or the solicitation of an offer to buy the
common stock. The offering was not and is not being made in any
jurisdiction in which the making or acceptance thereof would not be in
compliance with the securities, blue sky or other laws of such
jurisdiction.
First Midwest has filed a shelf registration statement with the Securities
and Exchange Commission (SEC), which is effective, and a final prospectus
supplement related to this offering. Copies of the registration statement,
the final prospectus supplement and other documents the Company has filed
with the SEC are available for free by visiting EDGAR on the SEC Web site
at www.sec.gov. Additionally, these documents may be obtained from
Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New
York, NY 10004 or by faxing (212) 902-9316, calling toll-free (866)
471-2526 or emailing Prospectus-ny@ny.email.gs.com or from Keefe, Bruyette
& Woods, Inc., Attn: Equity Capital Markets, 787 Seventh Avenue, 4th
Floor, New York, NY 10019 or by calling toll-free (800) 966-1559.