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

ITASCA, IL--(Marketwire - May 16, 2012) - 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 17, 2012 to shareholders of record on Friday, June 29, 2012.

First Midwest, with assets of $8.0 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of business, retail banking and wealth management services through some 100 offices located in communities in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest has been recognized by the Chicago Tribune for two straight years as one of the top 20 best places to work in Chicago among large employers. Additionally, Forbes has recognized First Midwest as one of America's Most Trustworthy Companies for 2012.