Local governments, school districts, libraries, parks and other publicly financed institutions aren’t in business to earn a profit. But, as stewards of their citizens’ collective assets, their financial needs are just as critical as those of any private enterprise.

A day in the financial life of a taxing body consists largely in the disbursement of funds to other entities, businesses or constituencies as set forth by law or contract. Collection of revenue, however, is far more intermittent. First Midwest Bank has plenty of experience in financing short-term commitments, concentrating cash for greater yields and in making public transactions easier, safer, quicker, and more convenient. Efficient use of funds coupled with our capability to provide long-term financing through tax-exempt debt securities creates the kind of value that helps sustain public confidence and enhance your community’s viability.

There’s a good reason why First Midwest is known for solid service to community governments. We live, work and worship here. Our kids go to school here. We are the banker in your community, and we’re ready to use our skills to make our own communities stronger, safer and more beautiful.

MUNICIPALITIES, PUBLIC FINANCE

• Tax anticipation warrants, repurchase agreements*
• Automatic collection, disbursement and investment of public funds
• Collateralized deposits
• Tax-exempt debt securities through strategic partnership with well-known investment banking specialist
• Police and fire pension plans, 403B qualified retirement plans, investment management services through our Trust Division*
• Corporate credit card services for convenience and efficiency
• Relationship review process

*Some Trust products are not FDIC insured. Repurchase agreements are not FDIC insured.