ITASCA, IL--(Marketwired - May 14, 2013) - First Midwest Bancorp, Inc. (the "Company" or "First Midwest") (
"The increase in our cash dividend reflects the significant progress made by our Company over the last year in improving its risk profile and earnings strength," said Michael L. Scudder, First Midwest's President and Chief Executive Officer. "As we look ahead, confidence in our business strategy and our solid capital strength leaves us well positioned to pursue opportunities for growth and return value to our stockholders."
First Midwest, with assets of more than $8 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of business, retail banking and wealth management services through approximately 95 offices located in communities in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest has been recognized by the Chicago Tribune as one of Chicago's Top Workplaces for the third consecutive year by being named a National Standard Top Workplace. Additionally, Forbes has recognized First Midwest as one of America's Most Trustworthy Companies for 2012.