First Midwest Bancorp, Inc. Declares Second Quarter Dividend of $0.01 per Share

ITASCA, IL--(Marketwire - May 19, 2011) - First Midwest Bancorp, Inc. (the "Company" or "First Midwest") (NASDAQ: FMBI), the holding company of First Midwest Bank, today announced that the Board of Directors has declared a quarterly common stock dividend of $0.01 per share, payable Tuesday, July 12, 2011 to shareholders of record on Friday, June 24, 2011.

First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of both business and retail banking and trust and investment management services through some 100 offices located primarily in metropolitan Chicago. First Midwest was recently recognized as having the "Highest Customer Satisfaction with Retail Banking in the Midwest" according to J.D. Power and Associates 2011 Retail Banking Satisfaction Study(SM). The bank is also recognized by the Chicago Tribune as one of the top 20 best places to work in Chicago among large employers.