Move Bringing 300 Employees to O’Hare Corridor, Adding to Chicago’s Economic Strength

ITASCA, Ill., Jan. 03, 2017 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ NGS:FMBI) the parent company of First Midwest Bank, and Mayor Rahm Emanuel today announced the company is moving its corporate headquarters to Chicago’s dynamic O’Hare corridor. First Midwest, currently headquartered in Itasca, Illinois, will move to Triangle Plaza at 8750 W. Bryn Mawr Avenue by the spring of 2018.

“Our expanding presence across the region and optimism about future growth opportunities caused us to look for a more centralized location,” said First Midwest Bancorp, Inc. President and Chief Executive Officer Michael L. Scudder.  “This new headquarters will offer greater accessibility and collaboration opportunities for our colleagues, allowing us to continue to retain and attract the best talent to serve our clients, while also providing flexibility to facilitate our corporate expansion strategies.”

“Chicago’s talent, transportation networks and economic diversity provide an environment that benefits a company like First Midwest and supports continued growth for years to come,” Mayor Emanuel said. “I welcome First Midwest and look forward to cutting the ribbon on their new office in their new home in the city of Chicago.”

The new approximate 80,000 square foot headquarters will be home to more than 300 First Midwest colleagues including certain Commercial Banking teams.

About First Midwest

First Midwest is a relationship-based financial institution and one of the largest independent publicly-traded bank holding companies based on assets headquartered in the Midwest, with approximately $11.6 billion in assets and over $8 billion in trust assets under management.  First Midwest’s principal subsidiary, First Midwest Bank, and other affiliates provide a full range of commercial, leasing, retail, wealth management, trust and private banking products and services through over 110 locations in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa.  First Midwest’s common stock is traded on the NASDAQ Stock Market under the symbol FMBI.  First Midwest’s website is www.firstmidwest.com.

CONTACTS:

Paul F. Clemens
(Investors)
EVP and Chief Financial Officer
(630) 875-7347
paul.clemens@firstmidwest.com

James M. Roolf
(Media)
SVP and Corporate Relations Officer
(630) 875-7533
jim.roolf@firstmidwest.com

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