Company
First Midwest Bancorp, Inc.
Headquarters: Chicago, IL, United States
Founded: Illinois, U.S. 1982
Employees: 2,000
CEO: Mr. Michael L. Scudder
Market Cap
$2.45 Billion
USD as of Feb. 1, 2022
First Midwest Bancorp, Inc. Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
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Sector:
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|---|---|
| Berkshire Hathaway | $887.16 B |
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| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital needs; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and consumer secured and unsecured loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties. In addition, the company offers treasury management products and services comprising automated clearing house collection, lockbox, remote deposit capture, and financial electronic data interchange; wire transfer, account reconciliation, controlled disbursement, direct deposit, and positive pay services; information reporting services; corporate credit cards; and liquidity management, fraud prevention, and merchant services. Further, it provides fiduciary and executor, financial planning, investment advisory, employee benefit plan, and private banking services to corporate and public retirement plans, foundations and endowments, high net worth individuals, and multi-employer trust funds. Additionally, the company offers debit and automated teller machine (ATM), and credit cards; internet and mobile, and telephone banking services; and financial education services. The company operates 115 locations and 184 ATMs in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, eastern Iowa, and other markets in the Midwest. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Chicago, Illinois.
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Stocks & Indices
First Midwest Bancorp, Inc. has the following listings and related stock indices.
Stock: NASDAQ: FMBI wb_incandescent
Stock: FSX: FM6 wb_incandescent
Stock: NASDAQ: FMBIO wb_incandescent
Stock: NASDAQ: FMBIP wb_incandescent
Product & Services
Retail BankingMortgagesTrust company
Key People
Robert O' Meara, Chairman Mike Scudder, CEO Paul Clemens, CFO
Financials
Net income: $107.9 million (2020) 46.0% from 2019
Total assets: $21.5 billion at 2021-06-30
Total equity: $2.69 billion at 2020-12-31 13.5% from 2019