In June 2021, First Midwest announced a merger of equals with Old National, the largest financial services bank holding company headquartered in Indiana. This merger was officially completed in February 2022, making First Midwest a division of Old National until offices and computer systems can be fully integrated in July 2022. This powerful combination, with $46 billion in total assets and dual headquarters in Evansville and Chicago, provides even greater convenience for clients with expanded access to more than 250 banking centers across the Midwest.
Middle Market, Business Banking, Treasury Management, Specialty Finance, ESOP, Healthcare, Commercial Real Estate and Equipment Leasing
More than 250 locations and dedicated Consumer, Small Business, Mortgage and eCommerce teams
Full-service Wealth Management capabilities, including Private Banking, Fiduciary and Investment Management Services
We are proud to share our inaugural Corporate Social Responsibility (CSR) Report: Momentum for All.
Being a good corporate citizen has been a part of First Midwest’s DNA since the founding of our company. This report brings to life what we are all about—how we express our character, how we live our mission and values and how we hold ourselves to the highest standard in doing so.
In the aftermath of the Great Depression, C.D. Oberwortmann, Andrew Barber and Frank Turk made a personal commitment to bring quality banking back to the Joliet, Illinois area. In 1940, they founded Union National Bank and Trust Company of Joliet.
The bank’s original slogan was “The Friendly Bank,” which summarized the founders’ commitment to creating an institution that, first and foremost, served its community by making banking services conveniently available to customers. Since then, First Midwest has grown and evolved significantly, but our mission remains unchanged: helping our clients achieve financial success in the communities in which we live and work.
1940 – Andrew Barber, C.D. Oberwortmann and Frank Turk opened the Union National Bank and Trust of Joliet.
1940 - 1970 – Expanded presence in the northern and western suburbs of Chicago, southern Illinois and the Quad Cities.
1982 – Working with the Illinois Bankers Association, shaped new Illinois Banking Act that allowed banks to form multi-bank holding companies
1983 – Merged 20 banks under First Midwest Bancorp, the largest number of banks consolidated at one time in Federal Reserve history.
1983 – FMBI began trading on NASDAQ
1983 – Developed current First Midwest corporate logo
1987 – Appointed Robert O’Meara CEO
1995 – Expanded into western Iowa; First Midwest’s first interstate acquisition
1995 – Consolidated four bank charters into a single bank in Illinois
1996 – Changed from national to state bank charter
1998 – Expanded into Southern Metro-Chicago suburbs
2000 - 2002 – Opened loan operations and deposit operations centers: the Robert P. O’Meara Center in Gurnee and the John Racich Center in Joliet
2003 – Appointed John O’Meara CEO
2003 – Established the First Midwest Charitable Foundation
2006 – Expanded into northwest Indiana
2008 – Appointed Mike Scudder Chairman and CEO
2016 – Surpassed $10 billion in total assets
2018 – Relocated headquarters to Chicago
2019 – Expanded into southeast Wisconsin
2021 – Announced merger of equals with Evansville, Indiana-based Old National
2022 – Completed merger of equals with Old National to become First Midwest Bank, a division of Old National
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