First Midwest Bancorp, Inc. (Illinois)
| Nasdaq: FMBI
Similar to: Huntington Bancshares, Inc.
First Midwest Bancorp, Inc. operates as a bank holding company for First Midwest Bank. The bank offers a variety of traditional financial products and services that are designed to meet the financial needs of the customers and communities it serves. The company does not engage in any sub-prime lending, nor does it engage in non-commercial banking activities, such as investment banking services. The bank offers a full range of deposit services that are typically available in most commercial banks and financial institutions, including checking accounts, NOW accounts, money market accounts, savings accounts and time deposits of various types, ranging from shorter-term to longer-term certificates of deposit. It also offers certain retirement account services, including individual retirement accounts. The bank originates commercial and industrial, agricultural, commercial real estate and consumer loans. The company's largest category of lending is commercial real estate, followed by commercial and industrial. Its consumer loans consist primarily of home equity loans and lines of credit. The bank maintains a sizeable securities portfolio in order to provide the company with financial stability, asset diversification, income and collateral for borrowing. The company was founded in 1982 and is headquartered in Itasca, IL.