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A building exterior photo of a First Midwest Bank location on a sunny day
WHO WE ARE
Get to know First Midwest.

First Midwest At-A-Glance

VISION

To be the partner of choice for financial services in the markets we serve, and one of the nation’s top performing financial institutions.

Mission

To help clients achieve financial success.

Values

To serve our clients with integrity, excellence, responsibility and passion.

Illustration of surrounding counties when First Midwest has bank locations

Multi-state, Midwestern Reach

3rd largest independent Illinois-headquartered bank

$20B of total assets

$11B of assets under management

$14.1B of total deposits

  • Top 10 deposit share in Chicago MSA
  • #2 deposit share in south metro Chicago

16% CAGR in assets since 2016

Commercial

Middle Market, Business Banking, Treasury Management, Specialty Finance, ESOP, Healthcare, Commercial Real Estate and Equipment Leasing

Consumer

More than 100 locations and dedicated Consumer, Small Business, Mortgage and eCommerce teams

Wealth

Full-service Wealth Management capabilities, including Private Banking, Fiduciary and Investment Management Services

Momentums in History: A Foundation Built on Relationships

In the aftermath of the Great Depression, C.D. Oberwortmann, Andrew Barber and Frank Turk made a personal commitment to bring quality banking back to the Joliet, Illinois area. In 1940, they founded Union National Bank and Trust Company of Joliet.

The bank’s original slogan was “The Friendly Bank,” which summarized the founders’ commitment to creating an institution that, first and foremost, served its community by making banking services conveniently available to customers. Since then, First Midwest has grown and evolved significantly, but our mission remains unchanged: helping our clients achieve financial success in the communities in which we live and work.

First Midwest Bank Who We Are

1940 - 1970

1940 – Andrew Barber, C.D. Oberwortmann and Frank Turk opened the Union National Bank and Trust of Joliet.

1940 - 1970 – Expanded presence in the northern and western suburbs of Chicago, southern Illinois and the Quad Cities.

Photo of First Midwest Bank's logo on the NASDAQ scrolling sign

1980 - 1995

1982 – Working with the Illinois Bankers Association, shaped new Illinois Banking Act that allowed banks to form multi-bank holding companies

1983 – Merged 20 banks under First Midwest Bancorp, the largest number of banks consolidated at one time in Federal Reserve history.

1983 – FMBI began trading on NASDAQ

1983 – Developed current First Midwest corporate logo

1987 – Appointed Robert O’Meara CEO

1995 – Expanded into western Iowa; First Midwest’s first interstate acquisition

1995 – Consolidated four bank charters into a single bank in Illinois

Photo of Mike Scudder Chairman and CEO

1996 – 2010

1996 – Changed from national to state bank charter

1998 – Expanded into Southern Metro-Chicago suburbs

2000 - 2002 – Opened loan operations and deposit operations centers: the Robert P. O’Meara Center in Gurnee and the John Racich Center in Joliet

2003 – Appointed John O’Meara CEO

2003 – Established the First Midwest Charitable Foundation

2006 – Expanded into northwest Indiana

2008 – Appointed Mike Scudder Chairman and CEO

Photo of First Midwest Bank's corporate HQ in Chicago

2011 - 2019

2016 – Surpassed $10 billion in total assets

2018 – Relocated headquarters to Chicago

2019 – Expanded into southeast Wisconsin