First Midwest Bank Names New Head of Private Banking

ITASCA, IL--(Marketwired - Jun 3, 2015) -  First Midwest Bank is pleased to announce that Paul W. Hoefert has joined the bank as Senior Vice President and Head of Private Banking. In this role, Hoefert will oversee an area serving the personal needs of high net worth clients.

"Paul is an excellent addition to our First Midwest Bank family," stated Mark G. Sander, First Midwest Bank's President. "Through his sales leadership skills and extensive experience, we expect to deliver tailored products to our Private Banking clients with our award winning customer service levels." 

Hoefert brings 37 years of banking and wealth management experience to this position. Most recently, Hoefert served as the Chief Administrative Officer in Northern Trust Company's Wealth Management division where he managed client services and client support services while leading 200 colleagues. 

Hoefert holds a Bachelor's degree in Finance from Miami University, Oxford, Ohio, and an MBA from DePaul University, Kellstadt Graduate School of Business in Chicago. He is also an acting board member or volunteer for several professional and non-profit organizations throughout Chicago and Cook County.

About First Midwest
First Midwest Bank, the wholly owned subsidiary of Itasca-based First Midwest Bancorp, Inc. (NASDAQ: FMBI), is a premier relationship-based financial institution in the Chicago banking market, with assets of approximately $9.5 billion. First Midwest Bank provides a full range of business, middle market and retail banking and wealth management services through over 100 locations in metropolitan Chicago, northwest Indiana, central and western Illinois and eastern Iowa. First Midwest was recognized for the second year in a row by J.D. Power as having the "Highest Customer Satisfaction with Retail Banking in the Midwest"* according to the 2015 Retail Banking Satisfaction Study^(SM). The Company website is firstmidwest.com.

* First Midwest Bank received the highest numerical score among retail banks in the Midwest region in the proprietary J.D. Power 2014 and 2015 Retail Banking Satisfaction Studies^(SM). 2015 study based on 82,030 total responses measuring 20 providers in the Midwest region (IA, IL, KS, MO, MN, WI) and measures opinions of consumers with their primary banking provider. Proprietary study results are based on experiences and perceptions of consumers surveyed April 2014 - February 2015. Your experiences may vary. Visit jdpower.com.