First Midwest Bancorp Completes Bridgeview Bank Acquisition
MAY 14, 2019 - 5:40 am
First Midwest Bancorp completed its acquisition of Bridgeview Bank. First Midwest announced this transaction on December 6, 2018.
“We are very excited to welcome Bridgeview Bank clients and colleagues to First Midwest,” said Michael L. Scudder, Chairman and Chief Executive Officer of First Midwest. “We look forward to building upon the legacy of exceptional client service and community engagement that Bridgeview Bank has personified over these many years. We are equally excited to bring to our newest clients a broader array of products and online capabilities, as well as access to one of Chicagoland’s largest branch networks.”
At the closing of the transaction, Bridgeview Bank had approximately $1.1 billion in total assets, $755 million in loans and $1 billion in deposits, of which 71% are core deposits. All Bridgeview Bank branches have been converted to First Midwest branches.
First Midwest’s principal subsidiary, First Midwest Bank, and other affiliates provide commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services through locations in metropolitan Chicago, northwest Indiana, southeast Wisconsin, central and western Illinois, and eastern Iowa.
Up until I spotted the iceberg looming ahead, it had been a perfectly nice voyage. The CEO and I were both excited to launch a new product in a growing field. However, after my repeated requests to find more beta... read more
What are the things you find most useful when working with funding sources? What do you find least useful? Paul Burnham: Funders, please let the TPO [third party originator] know how important they are to the organization. Answer the phone... read more