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First Midwest Bancorp Inc. (FMBI)

16.50 Down 0.17(1.02%) Jul 25, 3:59PM EDT
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First Midwest Bancorp Inc.
One Pierce Place
Suite 1500
Itasca, IL 60143
United States - Map
Phone: 630-875-7450

Index Membership:N/A
Industry:Regional - Midwest Banks
Full Time Employees:1,647

Business Summary 

First Midwest Bancorp, Inc. operates as the holding company for First Midwest Bank, which provides various commercial and retail banking services to individual, business, institutional, and governmental customers. The company’s deposit products include checking accounts, NOW accounts, money market accounts, savings accounts, individual retirement accounts, and time deposits of various types ranging from shorter-term to longer-term certificates of deposit. It also provides commercial, industrial, and agricultural loans for supporting seasonal working capital needs to term financing of equipment; commercial real estate loans consisting of loans for industrial buildings, office buildings, and retail shopping centers; construction loans; and consumer loans, including home equity, 1-4 family mortgages, and installment loans. In addition, the company offers wealth management services to individual and institutional clients, such as corporate and public retirement plans, foundations and endowments, high net worth individuals, and multi-employer trust funds. As of April 22, 2014, it operated 91 banking offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa, as well as owns 124 automated teller machines. The company was founded in 1982 and is headquartered in Itasca, Illinois.

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Corporate Governance 
First Midwest Bancorp Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 8. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 10; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Michael L. Scudder , 53
Chief Exec. Officer, Pres, Director, Member of Advisory Committee, Chairman of First Midwest Bank and Chief Exec. Officer of First Midwest Bank
Mr. Paul F. Clemens , 61
Chief Financial Officer, Exec. VP, Chief Financial Officer of First Midwest Bank and Exec. VP of First Midwest Bank
Mr. Mark G. Sander , 55
Chief Operating Officer, Sr. Exec. VP, Pres of First Midwest Bank and Chief Operating Officer of First Midwest Bank
Mr. Victor P. Carapella , 64
Exec. VP, Director of Commercial Banking, Exec. VP of First Midwest Bank and Director of Commercial Banking - First Midwest Bank
Mr. Thomas M. Prame , 44
Exec. VP of First Midwest Bank and Director of Retail Banking - First Midwest Bank
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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