| Business Summary | | First
Midwest
Bancorp,
Inc.
was
incorporated
for
the
purpose
of
becoming
a
multi-bank
holding
company.
The
Company's
banking
affiliate
is
First
Midwest
Bank,
National
Association.
The
Bank
is
engaged
in
commercial
and
retail
banking
and
offers
a
broad
range
of
lending,
depository
and
related
financial
services
including
accepting
deposits;
commercial
and
industrial,
consumer
and
real
estate
lending;
collections;
safe
deposit
box
operations;
and
other
banking
services
tailored
for
individual,
commercial
and
industrial,
and
governmental
customers.
The
Bank
has
established
an
Internet
Website
providing
additional
information
about
its
products
and
services.
Structurally,
the
Bank
is
comprised
of
two
divisions,
a
sales
division
in
five
geographical
regions
and
a
support
division
providing
corporate,
administrative
and
support
services
through
various
functional
departments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Midwest
Bancorp
is
a
multi-bank
holding
company
with
operations
primarily
located
in
Northern
Illinois.
For
the
six
months
ended
6/01,
interest
income
decreased
1%
to
$201.8
million.
Net
interest
income
after
loan
loss
provision
fell
3%
to
$89.7
million.
Net
income
increased
8%
to
$39.6
million.
Net
interest
income
reflects
lower
interest
on
securities,
and
increased
loan
loss
provisions.
Earnings
benefitted
from
increased
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert O'Meara, 63 Chairman
and CEO | $825K | $1.1M | John O'Meara, 55 Pres
and COO | 671K | 1.5M | Donald Swistowicz, 49 CFO,
Exec. VP | 323K | 27K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|