First Midwest Bank - M&A Summary and Business Overview

Financial ServicesCompany

First Midwest Bank M&A Summary

First Midwest Bank has acquired 19 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms.

First Midwest Bank’s largest acquisition to date was in 1998, when it acquired Heritage Financial Services for $408M. First Midwest Bank has acquired in 5 different US states. The Company’s most targeted sectors include financial services (100%).

First Midwest Bank Business Overview

Where is First Midwest Bank headquartered?

First Midwest Bank is headquartered in Chicago, Illinois.

What is First Midwest Bank’s revenue?

First Midwest Bank disclosed revenue of 720M USD for 2020 and 751M USD for 2019.

How many employees does First Midwest Bank have?

First Midwest Bank has 2,074 employees.

What sector is First Midwest Bank in?

First Midwest Bank is a financial services company.

When was First Midwest Bank founded?

First Midwest Bank was founded in 1982.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity18
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6

First Midwest Bank

First Midwest Bancorp, Inc.

8750 West Bryn Mawr Avenue Suite 1300,
Chicago, Illinois 60631
United States,
(708) 831-7483
www.firstmidwest.com

First Midwest Bank is a provides a full range of both business and retail banking and trust and investment management services through some 100 offices located in 64 communities primarily in metropolitan Chicago. First Midwest Bank was founded in 1982 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 18 - - - - - 18
vol $1.2B $1.2B
Sell (0.0/yr) # - - - - - - 0
  18

Most Recent M&A

Company Date Value Type
Bridgeview Bancorp, Inc. 2019-03-14 - Add-on Acquisition
Bridgeview, Illinois · www.bridgeviewbank.com
Bridgeview Bank Group 2018-12-06 145M USD Add-on Acquisition
Beach Park, Illinois · www.bridgeviewbank.com
Northern States Financial Corporation 2018-06-07 - Add-on Acquisition
Waukegan, Illinois · www.norstatesbank.com
Standard Bancshares, Inc. 2016-06-28 - Add-on Acquisition
Hickory Hills, Illinois · www.standardbanks.com
Peoples' Bank of Arlington Heights 2015-09-21 - Add-on Acquisition
Arlington Heights, Illinois · www.peoplesbanc.com
Great Lakes Financial Resources, Inc. 2014-12-02 61M USD Add-on Acquisition
Matteson, Illinois
Popular, Inc - Illinois 12 Branches 2014-08-08 - Divestiture
, Illinois
Waukegan Savings Bank 2012-08-03 - Divestiture
Waukegan, Illinois · www.ibankwaukegan.com
Old National Bank, Chicago Deposits & Plainfield South facility 2011-12-02 - Divestiture
, United States
Palos Bank and Trust Co. 2010-08-13 - Divestiture
Palos Heights, Illinois
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 18 (100%) 1.2B (100%) - -
Total 18 $1.2B - -

By Geo

State/Country Buy Value Sell Value
United States 18 1.2B - -
  Illinois 13 414M - -
  Michigan 1 34M - -
  Indiana 1 307M - -
  Tennessee 1 408M - -
Total 18 $1.2B - -

Deal Values

buy # Total
$100M to $1B 5 $1.1B
< $100M 3 $111M
TOTAL $1.2B
Largest Heritage Financial Services, Inc.
$408M (1998-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
11%
2 (11%)
Strategic(s)
33%
6 (33%)

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