First Midwest Bank

First Midwest Bank, the main banking subsidiary of First Midwest Bancorp, Inc., a publicly-held company, began in Joliet, Illinois. From there they grew to serve many Chicago suburbs, downstate Illinois and the Quad Cities area. First Midwest has its headquarters located in Itasca, just west of O'Hare Airport. On October 23, 2009, First Midwest Bank acquired certain deposits and loans of Westmont-based First DuPage Bank in a transaction facilitated by the Federal Deposit Insurance Corporation. First Midwest Bank agreed to assume all of the deposits - $230 million, and agreed to purchase approximately $260 million in assets at a discount of $32 million. First Midwest Bank entered into a loss-share transaction with the FDIC providing...