SOURCE: First Midwest Bank

First Midwest Bank

December 09, 2011 17:26 ET

First Midwest Bank Completes Deposit Acquisition From Old National Bank

ITASCA, IL--(Marketwire - Dec 9, 2011) - First Midwest Bank announced that on Friday, December 2nd it completed the previously announced deposit acquisition of the former Integra Bank from Old National Bank. The acquisition resulted in First Midwest acquiring $107 million in deposits and one branch building. This action strengthens First Midwest's already strong presence in the metro Chicago counties of Cook and Will.

"We are very pleased to have the opportunity to welcome clients of the former Integra branches and it is our intention to serve our new clients with the high level of service that First Midwest Bank has come to be recognized for," said Michael L. Scudder, First Midwest Bank Chairman and Chief Executive Officer. "First Midwest is the community bank of choice for more than one quarter million families and twenty five thousand businesses in the greater Chicagoland area and I want to assure our new clients that their deposits and business affairs are in strong and trusted hands."

The branch building acquired in the transaction is located at 2320 S. Rt. 59 in Plainfield. New clients can access their accounts at this new location or at any branch within First Midwest's extensive branch network of approximately 100 locations.

About First Midwest

First Midwest Bank, the wholly owned subsidiary of Itasca-based First Midwest Bancorp, Inc. (NASDAQ: FMBI) is the premier relationship-based banking franchise in the dynamic Chicagoland banking market with approximately $8.4 billion in assets. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of business, retail banking and trust and investment management services through some 100 offices located in communities in metropolitan Chicago, northwest Indiana, central and western Illinois and eastern Iowa. First Midwest was recently recognized as having the "Highest Customer Satisfaction with Retail Banking in the Midwest" according to the J.D. Power and Associates 2011 Retail Banking Satisfaction Study(SM). The Bank was also recognized by the Chicago Tribune for the second straight year as one the top 20 best places to work in Chicago among large employers.

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