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First Midwest Bancorp, Inc. (FMBI)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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23.30+0.26 (+1.13%)
At close: 4:00PM EDT
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First Midwest Bancorp, Inc.

One Pierce Place
Suite 1500
Itasca, IL 60143
United States

IndustryRegional - Midwest Banks
Full Time Employees1,882

Key Executives

Mr. Michael L. ScudderCEO, Pres & Director1.56MN/A56
Mr. Mark G. SanderCOO, Sr. EVP & Director1.06MN/A58
Mr. Nicholas J. ChulosExec. VP, Gen. Counsel & Corp. Sec.504.08kN/A57
Mr. Thomas M. PrameExec. VP of First Midwest Bank and Director of Retail Banking - First Midwest Bank510.02kN/A47
Mr. Patrick S. BarrettCFO & Exec. VPN/AN/A53
Amounts are as of December 31, 2016 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.


First Midwest Bancorp, Inc. operates as a bank holding company for First Midwest Bank that provides various banking products and services. The company accepts various deposits, such as 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 loans and lines of credit; accounts receivable financing; inventory and equipment financing; sector-based lending, including leasing, healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and auto loans. In addition, the company offers treasury management products and services comprising ACH collections, lockbox, remote deposit capture, and financial electronic data interchange; payables and payroll services, such as wire transfer, account reconciliation, controlled disbursement, direct deposit, and positive pay; information reporting services; corporate credit cards; and liquidity management, fraud prevention, and merchant services. Further, it provides wealth management services, such as investment management, fiduciary and executor, financial planning, employee benefit plans, 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, and credit cards; Internet and mobile, and telephone banking services; and financial education services. It serves commercial and industrial, commercial real estate, municipal, and consumer customers. The company operates 117 locations and 151 ATMs in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest Bancorp, Inc. was founded in 1982 and is headquartered in Itasca, Illinois.

Corporate Governance

First Midwest Bancorp, Inc.’s ISS Governance QualityScore as of July 1, 2017 is 1. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 4; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.