First Midwest Bank
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First Midwest Bank
First Midwest Bancorp, Inc was headquartered in Chicago, Illinois, just east of O'Hare Airport. The company's predecessor traces back to Joliet, Illinois. From there the company has grown to serve many Chicago suburbs including northwest Indiana, downstate Illinois, southeast Wisconsin and the Quad Cities area including Iowa. First Midwest Bank is one of the largest banking institutions in the United States First Midwest Bank provides retail and business banking through more than 125 branches. In 2006, First Midwest acquired Bank Calumet for $307 million in cash, expanding its presence in the northwest Indiana area. On October 23, 2009, First Midwest Bank acquired certain deposits and loans of Westmont-based First DuPage Bank in a transaction facilitated by the Federal Deposit Insurance Corporation. First Midwest Bank agreed to assume all of the deposits - $230 million, and agreed to purchase approximately $260 million in assets at a discount of $32 million. First Midwest Bank ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is delivered to high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment f ...
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First Midwest Bank Amphitheatre
Credit Union 1 Amphitheatre (originally World Music Theatre and formerly New World Music Theatre, Tweeter Center, First Midwest Bank Amphitheatre and Hollywood Casino Amphitheatre) is an outdoor music venue located in Tinley Park, Illinois, that opened in 1990 and was built by Gierczyk Development. It is one of the largest music venues in the Chicago area, with a capacity of up to 28,000 spectators: 11,000 reserved seats and 17,000 lawn seats. It is a venue pulling fans from the city of Chicago, as well as surrounding suburbs and neighboring states. It is one of only a few large outdoor amphitheatres in the Chicago area. Nederlander Concerts and Jam Productions co-managed the venue from 1994 to 1999. Hollywood Casino acquired the naming rights, beginning in 2015. The venue is owned by Live Nation. On April 25, 2023, Credit Union 1 bought the naming rights for the former Hollywood Casino Amphitheater, now known as the Credit Union 1 Amphitheater, in Tinley Park, Illinois. ...
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Westmont, Illinois
Westmont is a village in DuPage County, Illinois, United States. Westmont is a community of 5.03 square miles in area with a 2010 population of 24,685. It is located approximately west of the Chicago Loop in the southeastern portion of DuPage County. History The area known as Westmont was inhabited by the Potawatami until the year 1833. After several failed attempts by the U.S. government to persuade the Native Americans to move from the area, in 1833, the Native Americans agreed under coercion to vacate their land for nominal payment. The development of the Illinois-Michigan Canal, authorized by the State of Illinois in the 1820s but delayed in construction until the 1830s, contributed to Westmont's early growth. When the economic Panic of 1837 halted canal construction, many of the workers turned to farming, and agriculture became the major occupation, with produce sold in nearby Chicago. The area around Westmont became one of the most prosperous sections of the state ...
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Business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with Sole proprietorship, sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being su ...
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Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ...
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List Of Largest Banks In The United States
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of June 30, 2022 per the Federal Financial Institutions Examination Council; their market capitalization is also shown. This list does not include some large commercial banks, which are not holding companies. As of December 31, 2021, there were 4,231 commercial banks in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$22.2 trillion in assets In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value .... Banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council, because they are not holding companies, are as follows:. * First Republic Bank (US$, $197.91 billion in assets) * Signature Bank ($ ...
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Quad Cities
The Quad Cities is a region of cities (originally four, see History) in the U.S. states of Iowa and Illinois: Davenport and Bettendorf in southeastern Iowa, and Rock Island, Moline and East Moline in northwestern Illinois. These cities are the center of the Quad Cities metropolitan area, which as of 2013 had a population estimate of 383,781 and a Combined Statistical Area (CSA) population of 474,937, making it the 90th-largest CSA in the nation. History Early history Before European settlers came to inhabit the Quad Cities, the confluence of rivers had attracted many varying cultures of indigenous peoples, who used the waterways and riverbanks for their settlements for thousands of years. At the time of European encounter, it was a home and principal trading place of the Sauk and Fox tribes of Native Americans. Saukenuk was the principal village of the Sauk tribe and birthplace of its 19th-century war chief, Black Hawk. In 1832, Sauk chief Keokuk and General Winfield Sco ...
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Downstate Illinois
Downstate Illinois refers to the part of the U.S. state of Illinois south of the Chicago metropolitan area, which is in the northeast corner of the state and has been dominant in American history, politics, and culture. It is defined as the part of the state that lies west of Chicago and its suburbs but at the same or greater latitude. Prior to the issuance of 2000 Census results, when it became part of the Chicago metropolitan area, even DeKalb (located 65 miles west of Chicago) was often considered to be "downstate". Downstate Illinois is divided into several subregions: Northern Illinois, Central Illinois, and Southern Illinois, which in turn are divided into more subregions. The term has been part of the northern Illinois residence lingo for decades, and is commonly used by the media. The Illinois General Assembly regularly uses the term in the titles of bills it passes. Definition Downstate Illinois lacks a precise definition. Various boundaries that have been used are th ...
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Chicago
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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Joliet, Illinois
Joliet ( ) is a city in Will County, Illinois, Will and Kendall County, Illinois, Kendall counties in the U.S. state of Illinois, southwest of Chicago. It is the county seat of Will County. At the 2020 United States Census, 2020 census, the city was the List of cities in Illinois, third-largest in Illinois, with a population of 150,362. History In 1673, Louis Jolliet, along with Father Jacques Marquette, paddled up the Des Plaines River and camped on a huge earthwork mound, a few miles south of present-day Joliet. Maps from Jolliet's exploration of the area showed a large hill or mound down river from Chicago, labeled Mont Joliet. The mound has since been flattened due to mining. In 1833, following the Black Hawk War, Charles Reed built a cabin along the west side of the Des Plaines River. Across the river in 1834, James B. Campbell, treasurer of the canal commissioners, laid out the village of "Juliet", a corruption of "Joliet" that was also in use at the time. Just before t ...
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O'Hare Airport
Chicago O'Hare International Airport , sometimes referred to as, Chicago O'Hare, or simply O'Hare, is the main international airport serving Chicago, Illinois, located on the city's Northwest Side, approximately northwest of the Loop business district. Operated by the Chicago Department of Aviation and covering ,, effective December 30, 2021. O'Hare has non-stop flights to 214 destinations in North America, South America, the Caribbean, Europe, Africa, Asia, the Middle East, Oceania, and the North Atlantic region as of November 2022. As of 2022, O'Hare is considered the world's most connected airport. Designed to be the successor to Chicago's Midway International Airport, itself nicknamed the "busiest square mile in the world," O'Hare began as an airfield serving a Douglas manufacturing plant for C-54 military transports during World War II. It was renamed Orchard Field Airport in the mid-1940s and assigned the IATA code ORD. In 1949, it was renamed after aviator Edward "Butc ...
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