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A Premier Midwestern Bank Committed to Clients & Communities

Frequently Asked Questions

Frequently Asked Questions on Our Partnership with Old National

Over the next few months, we’ll continue working to combine the best of our companies with a renewed focus on helping you achieve financial success! Once the transition is complete, likely late spring or early summer, First Midwest will operate solely under the Old National Bank name. For now, continue to bank with First Midwest just like you do today!

General Information

A: Like First Midwest, Old National is a well-established, well-run and trusted financial institution, with strong Midwestern values and deep client and community relationships going back nearly 190 years. Old National is headquartered in Evansville, Indiana and has $24 billion of assets, 2,400 employees and serves communities across Indiana, Kentucky, Michigan, Minnesota and Wisconsin.

A: This merger reinforces our shared commitment to relationship-focused banking and will add talented leadership and depth to our collective teams. It will also offer you an expanded set of products and services and an expanded number of locations at which to conduct business. We will maintain our local knowledge and decision making and become an even more important resource to the communities we serve. As the merger progresses, we will keep you informed of any new developments. These communications will also be posted at

A: After much thoughtful consideration, we have determined our combined organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Chicago and Evansville, Indiana. Until that time, we will continue to operate as separate organizations.

A: At this time, all of the First Midwest employees who have been serving you in the past will continue to provide the same exceptional service to which you have grown accustomed.

A: Yes, at this time, all lobby and drive-up hours will remain the same.

A: If you have additional questions regarding the transaction, please call your local First Midwest Bank branch manager or relationship manager.

A: Our intention with this merger is growth, and there is very minimal overlap in our branch footprint. A project team of representatives from both First Midwest and Old National will be assembled very soon to begin assessing the combined branch footprint. We will communicate any changes directly with stakeholders at the appropriate time and in accordance with regulatory requirements.

Important Information for Deposit Accounts

A: Many clients will be able to keep their same account numbers. If your account number changes, we will notify you by mail. And, if you do receive a new account number, we will notify your direct deposit payers and automatic payment recipients of the account number change as these transactions are processed after account conversion.

A: The bank routing number for your account(s) will change to the Old National routing number, 086300012, on Sunday, July 10. However, your current First Midwest checks will continue to work for AT LEAST two years after conversion.

A: If you currently receive eStatements from First Midwest for your deposit accounts, you will continue to receive eStatements from Old National.

A: Your First Midwest CDs (excluding Build a Buck CDs) and IRA CDs will stay at the same rates and terms until maturity.

A: If you have an existing direct deposit, future-dated or recurring payments set up through your First Midwest account, it will automatically transfer to your Old National account.

A: You may continue to use your same accounts, checks, and deposit slips at this time. We will make your transition as easy as possible and notify you in advance if your checks or deposit slips will require replacement.

Updates for First Midwest Loan Accounts

A: All terms, conditions and interest rates for your mortgage loan will remain the same.

A: For non-mortgage consumer loans, please continue to use your First Midwest loan payment book or billing notices through Friday, July 8, and watch your mail for additional information about your First Midwest loans.

Upcoming Changes to Online & Mobile Banking

A: If you currently use First Midwest Online and Mobile Banking, you will automatically have access to Old National Online and Mobile Banking at 8am Monday, July 11.

A: Most Online and Mobile Banking clients will be able to keep their current User IDs after conversion. We will mail more information about your login credentials in June.

A: When you log in to Old National Online Banking, you’ll need to re-register for Zelle® if you want to continue using this service.

A: Your First Midwest account history and eStatements will not be accessible through Old National Online Banking. For this reason, we strongly recommend you download or print your eStatements and images from First Midwest Online Banking prior to 7pm on Friday, July 8 and retain them for recordkeeping purposes.

A: Scheduled transfers between your First Midwest accounts will automatically transfer to Old National.

A: External Transfers you have scheduled with First Midwest will not transfer to Old National, and you will need to set them up in Old National Digital Banking system.

A: Payees and scheduled payments you have established in First Midwest Bill Pay by 5pm Thursday, July 7 will automatically transfer to Old National Bill Pay at 8am Monday, July 11.

Common Questions for Debit & ATM Cards

A: If you have a First Midwest ATM card or debit card, you’ll automatically receive an Old National ATM card or Mastercard® debit card in the mail beginning the week of June 6. To protect your safety, cards are sent in plain white envelopes with no identifying information. Take care not to accidentally discard it.

A: First Midwest debit cardholders will continue to have free access to 55,000 Allpoint® ATMs1 throughout the world (often in retailers such as Target, Walgreens, CVS and Costco), as well as free access at any Old National ATM.

A: Continue to use your First Midwest ATM card or debit card through Sunday, July 10.

What to Know About Your First Midwest Credit Cards

A: If you have a First Midwest consumer or small business credit card through Elan, you may continue to use your card and manage it directly through Elan. To manage Elan credit card payment, visit:

1 When you use your First Midwest debit Mastercard®, you will automatically receive a refund within one business day for any fees charged. Available only at Old National ATMs.

Forward-Looking Statements 

This communication includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to First Midwest’s and Old National’s beliefs, goals, intentions, and expectations regarding the proposed transaction, revenues, earnings, loan production, asset quality, and capital levels, among other matters; our estimates of future costs and benefits of the actions we may take; our assessments of probable losses on loans; our assessments of interest rate and other market risks; our ability to achieve our financial and other strategic goals; the expected timing of completion of the proposed transaction; the expected cost savings, synergies and other anticipated benefits from the proposed transaction; and other statements that are not historical facts.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “will” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. These forward-looking statements include, without limitation, those relating to the terms, timing and closing of the proposed transaction.

Additionally, forward‐looking statements speak only as of the date they are made; First Midwest and Old National do not assume any duty, and do not undertake, to update such forward‐looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those indicated in such forward-looking statements as a result of a variety of factors, many of which are beyond the control of First Midwest and Old National. Such statements are based upon the current beliefs and expectations of the management of First Midwest and Old National and are subject to significant risks and uncertainties outside of the control of the parties. Caution should be exercised against placing undue reliance on forward-looking statements. The factors that could cause actual results to differ materially include the following: the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between First Midwest and Old National; the outcome of any legal proceedings that may be instituted against First Midwest or Old National; the possibility that the proposed transaction will not close when expected or at all because required regulatory, shareholder or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, or are obtained subject to conditions that are not anticipated (and the risk that required regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction); the ability of First Midwest and Old National to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; the possibility that the anticipated benefits of the proposed transaction will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where First Midwest and Old National do business; certain restrictions during the pendency of the proposed transaction that may impact the parties’ ability to pursue certain business opportunities or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the merger within the expected timeframes or at all and to successfully integrate First Midwest’s operations and those of Old National; such integration may be more difficult, time consuming or costly than expected; revenues following the proposed transaction may be lower than expected; First Midwest’s and Old National’s success in executing their respective business plans and strategies and managing the risks involved in the foregoing; the dilution caused by Old National’s issuance of additional shares of its capital stock in connection with the proposed transaction; effects of the announcement, pendency or completion of the proposed transaction on the ability of First Midwest and Old National to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction and other factors that may affect future results of First Midwest and Old National; uncertainty as to the extent of the duration, scope, and impacts of the COVID-19 pandemic on First Midwest, Old National and the proposed transaction; and the other factors discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of each of First Midwest’s and Old National’s Annual Report on Form 10‐K for the year ended December 31, 2020, in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of each of First Midwest’s and Old National’s Quarterly Report on Form 10‐Q for the quarter ended March 31, 2021, and in other reports First Midwest and Old National file with the U.S. Securities and Exchange Commission (the “SEC”).

Additional Information and Where to Find It

In connection with the proposed transaction, Old National will file a registration statement on Form S-4 with the SEC. The registration statement will include a joint proxy statement of First Midwest and Old National, which also constitutes a prospectus of Old National, that will be sent to First Midwest’s and Old National’s shareholders seeking certain approvals related to the proposed transaction.

The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. INVESTORS AND SECURITY HOLDERS OF FIRST MIDWEST AND OLD NATIONAL AND THEIR RESPECTIVE AFFILIATES ARE URGED TO READ, WHEN AVAILABLE, THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY STATEMENT/PROSPECTUS TO BE INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FIRST MIDWEST, OLD NATIONAL AND THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain a free copy of the registration statement, including the joint proxy statement/prospectus, as well as other relevant documents filed with the SEC containing information about First Midwest and Old National, without charge, at the SEC’s website ( Copies of documents filed with the SEC by First Midwest will be made available free of charge in the “Investor Relations” section of First Midwest’s website,, under the heading “SEC Filings.” Copies of documents filed with the SEC by Old National will be made available free of charge in the “Investor Relations” section of Old National’s website,, under the heading “Financial Information.” 

Participants in Solicitation

First Midwest, Old National, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction under the rules of the SEC. Information regarding First Midwest’s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on April 13, 2021, and certain other documents filed by First Midwest with the SEC. Information regarding Old National’s directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on March 8, 2021, and certain other documents filed by Old National with the SEC. Other information regarding the participants in the solicitation of proxies in respect of the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC. Free copies of these documents, when available, may be obtained as described in the preceding paragraph.