FMBI - First Midwest Bancorp, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

First Midwest Bancorp, Inc.

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

SectorFinancial Services
IndustryBanks - Regional - US
Full Time Employees2,046

Key Executives

NameTitlePayExercisedYear Born
Mr. Michael L. ScudderChairman & CEO1.82MN/A1961
Mr. Mark G. SanderPres, COO & Director1.21M584.44k1959
Mr. Patrick S. BarrettExec. VP & CFO1.21MN/A1964
Mr. Thomas M. PrameExec. VP & Director of Strategic Planning and Consumer Banking - First Midwest Bank543.14kN/A1970
Mr. Michael W. JamiesonExec. VP & Director of Commercial Banking -First Midwest Bank739.95kN/A1958
Amounts are as of December 31, 2018 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 loans; 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 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, 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 120 locations and 177 automated teller machines in greater Chicago metropolitan area, northwest Indiana, central and western Illinois, and eastern Iowa. 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 29, 2019 is 2. 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.