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First Midwest Bancorp, Inc. (FMBI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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17.87-0.03 (-0.17%)
At close: 4:00PM EDT

First Midwest Bancorp, Inc.

8750 West Bryn Mawr Avenue
Suite 1300
Chicago, IL 60631-3655
United States
708 831 7483
http://www.firstmidwest.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees2,074

Key Executives

NameTitlePayExercisedYear Born
Mr. Michael L. ScudderChairman & CEO1.79MN/A1961
Mr. Mark G. SanderPres, COO & Director1.22MN/A1959
Mr. Patrick S. BarrettExec. VP & CFO867.43kN/A1964
Mr. Thomas M. PrameExec. VP & Director of Consumer Banking - First Midwest Bank669.46kN/A1970
Mr. Michael W. JamiesonExec. VP & Director of Commercial Banking - First Midwest Bank763.93kN/A1958
Ms. Jo Ann BoylanExec. VP and Chief Information & Operations OfficerN/AN/A1963
Ryan J. CushingSr. VP of Corp. Devel., Strategy & Investor Relations OfficerN/AN/AN/A
Mr. Nicholas J. ChulosExec. VP, Gen. Counsel & Corp. Sec.N/AN/A1960
Maurissa KanterSr. VP & Director of Corp. CommunicationsN/AN/AN/A
Mr. James M. RoolfSr. VPN/AN/A1952
Amounts are as of December 31, 2020 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.

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.

Corporate Governance

First Midwest Bancorp, Inc.’s ISS Governance QualityScore as of July 1, 2021 is 2. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 4; Compensation: 2.

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.