First Midwest Bancorp, Inc was headquartered in

Chicago, Illinois (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

, just east of

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 ...

. The company's predecessor traces back to

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 cit ...

. From there the company has grown to serve many

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

suburbs including northwest

Indiana Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th s ...

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 ...

, southeast Wisconsin and the

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 t ...

area including

Iowa Iowa () is a state in the Midwestern region of the United States, bordered by the Mississippi River to the east and the Missouri River and Big Sioux River to the west. It is bordered by six states: Wisconsin to the northeast, Illinois to the ...

. First Midwest Bank is one of the largest banking institutions in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

First Midwest Bank provides

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 t ...

and

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 pr ...

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 entered into a loss-share transaction with the FDIC providing First Midwest Bank with protection from the FDIC for loan losses. On April 23, 2010, First Midwest Bank acquired Peotone Bank, taking on $130 million in assets and $127 million in deposits in a transaction facilitated by the Federal Deposit Insurance Corporation. On August 13, 2010, First Midwest acquired Palos Bank and Trust Company in a transaction facilitated by the Federal Deposit Insurance Corporation. Palos Bank and Trust Company had approximately $493.4 million in total assets and $467.8 million in total deposits, as of June 30, 2010. First Midwest Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Palos Bank and Trust Company. In addition to assuming all of the deposits of the failed bank, First Midwest Bank agreed to purchase essentially all of the assets. The FDIC and First Midwest Bank entered into a loss-share transaction on $343.8 million of Palos Bank and Trust Company's assets. First Midwest Bank assumed Waukegan Savings Bank's $77 million in deposits and $89 million in assets following its closure by the FDIC. The two Waukegan branches will open as First Midwest locations. The company acquired naming rights to the

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, th ...

Tinley Park, Illinois Tinley Park (formerly Bremen) is a village in Cook County, Illinois, United States, with a small portion in Will County. The village is a suburb of Chicago. Per the 2020 census, the population was 55,971. It is one of the fastest growing suburbs ...

. In 2021, First Midwest announced a merger with

Old National Bank Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago, Illinois and Evansville, Indiana. With assets at $23.0 billion and 162 banking centers, Old National Bancorp i ...

, combining the companies assets, retaining the Old National name and maintaining headquarters in Chicago and

Evansville Evansville is a city in, and the county seat of, Vanderburgh County, Indiana, United States. The population was 118,414 at the 2020 census, making it the state's third-most populous city after Indianapolis and Fort Wayne, the largest city in S ...

. This was finished in February 2022.

References

External links

Official website
(Archive)
First Midwest Bancorp, Inc.
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SEC Filings The SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings. Investors and financi ...

{{coord, 41.990097, -88.017208, region:US-IL_type:landmark, display=title American companies established in 1982 Banks established in 1982 Banks disestablished in 2022 Banks based in Illinois Defunct banks of the United States Companies based in DuPage County, Illinois Itasca, Illinois Companies formerly listed on the Nasdaq 1982 establishments in the United States 1982 establishments in Illinois 2022 mergers and acquisitions 2022 disestablishments in Illinois