M&A Deal Summary

First Midwest Bank Acquires Bridgeview Bancorp

On March 14, 2019, First Midwest Bank acquired financial services company Bridgeview Bancorp

Acquisition Highlights
  • This is First Midwest Bank’s 18th transaction in the Financial Services sector.
  • This is First Midwest Bank’s 18th transaction in the United States.
  • This is First Midwest Bank’s 13th transaction in Illinois.

M&A Deal Summary

Date 2019-03-14
Target Bridgeview Bancorp
Sector Financial Services
Buyer(s) First Midwest Bank
Deal Type Add-on Acquisition

Target

Bridgeview Bancorp

Bridgeview, Illinois, United States
Bridgeview Bancorp, Inc. is a wholly owned subsidiary of Bridgeview and maintains its principal executive offices in Bridgeview, Illinois. Bridgeview Bank is a client-focused bank committed to providing an outstanding banking experience for all its personal and business banking clients. It provides this experience through 13 banking locations throughout greater Chicagoland.

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Buyer(S) 1

Buyer

First Midwest Bank

Chicago, Illinois, United States

Category Company
Founded 1982
Sector Financial Services
Employees2,074
Revenue 720M USD (2020)
DESCRIPTION

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.


DEAL STATS #
Overall 18 of 18
Sector: Financial Services M&A 18 of 18
Type: Add-on Acquisition M&A Deals 12 of 12
State: Illinois M&A 13 of 13
Country: United States M&A 18 of 18
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Bridgeview Bank Group

Beach Park, Illinois, United States

Bridgeview Bank Group offers savings accounts, business accounts, home mortgages, and competitive loan products. Bridgeview Bank is a client-focused bank committed to providing an outstanding banking experience for all of its personal and business banking clients. It provides this experience through 13 banking locations throughout greater Chicagoland.

Buy $145M