commercial banking financial services headquarters 1 pierce place itasca illinois u.s. number of locations 97 branches at 2008 12 31 1 area served chicago metropolitan area illinois indiana iowa products retail banking mortgages trust company number of employees 1 794 fte 2008 12 31 parent first midwest bancorp inc. website firstmidwest.com for other banks with a similar name see first 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 first midwest bank with protection from the fdic for loan losses . 2 first midwest bank provides retail and business banking in 67 branches in over 40 towns throughout illinois indiana and iowa . in 2006 bank calumet merged with first midwest expanding its presence in the northwest indiana area . first midwest is the 2004 recipient of the illinois bank community service award and was cited by chicago magazine in its september 2004 issue as one of the 25 best places to work in chicago the only bank to receive the award . on august 13 2010 first midwest acquired palos bank and trust company in a transaction facilitated by the federal deposit insurance corporation . 3 palos bank and trust company had approximately 493.4 million in total assets and 467.8 million in total deposits as of june 30 2010 . first midwest bank will pay the fdic a premium of 1.0 percent to assume all of the deposits of palos bank and trust company . in addition to assuming all of the deposits of the failed bank first midwest bank agreed to purchase essentially all of the assets . the fdic and first midwest bank entered into a loss share transaction on 343.8 million of palos bank and trust company s assets . 4 the company acquired naming rights to the first midwest bank amphitheatre in tinley park illinois . 5 references edit http www.sec.gov archives edgar data 702325 000119312509040811 d10k.htm tx11087 4 http finance.yahoo.com news first midwest bank acquires iw 591284853.html x 0 & . v 1 http www.marketwatch.com story first midwest bank acquires palos bank and trust company 2010 08 13 reflink mw news stmp http www.fdic.gov news news press 2010 pr10189.html http featuresblogs.chicagotribune.com entertainment popmachine 2006 04 and i thought i.html external links edit first midwest bank retrieved from https en.wikipedia.org w index.php title first midwest bank & oldid 647212980 categories banks based in illinoiscompanies based in dupage county illinois navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 15 february 2015 at 07 37 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view