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PRIVATE BANKING SERVICES

Customized financial plans designed to help leave a legacy to those you love.

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Wealth and Fiduciary Services

Wealth Management and Fiduciary Services designed to preserve and protect your wealth for generations.1

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Private Banking

The First Midwest Private Banking2 team understands the needs of our high net worth clients and combines customized banking services with a concierge-style experience. As your dedicated point of contact, your Relationship Manager has the experience you require to help facilitate your financial goals and integrate products across your personal, wealth management and commercial banking needs.

Our Private Banking services are designed to meet the specific demands and high expectations of ambitious entrepreneurs, medical and legal professionals, corporate executives, private investors and other successful high net worth individuals.

Our Private Banking Services

Customized credit can be used to achieve a variety of goals, including liquidity management, risk management, asset protection, portfolio diversification and special growth opportunities. Your Private Banking Relationship Manager can provide personalized lending solutions to help meet your specific financial goals.

  • Marketable Securities Loans — Streamlined and Fully Underwritten4
  • Restricted and Control Securities Loans
  • Custom Jumbo Mortgages5
  • Home Equity Lines of Credit
  • Lot Loans
  • Residential Construction Loans6
  • Unsecured Credit Lines
  • Investor-owned Real Estate
  • Cash Value of Life Insurance Financing
  • Life Insurance Premium Financing

Diamond Elite Checking offers our most complete, and best value, benefits package. Our Private Banking clients who maintain a deep Wealth Management or Commercial banking relationship with First Midwest are eligible for this account as an added benefit.

  • World Debit MasterCard®
  • Unlimited ATM transactions8
  • Free single style First Midwest Exclusive Wallet Checks and $10 off other select styles9
  • No monthly maintenance fee
  • Eligible for a Diamond Savings Account and Diamond Money Market Account
  • Diamond Savings Account’s monthly maintenance fee waived10
  • $500 rebate on Mortgage closing costs11
  • Competitive rates on Home Equity Lines of Credit, Home Equity Loans and Auto Loan4
  • Special rates on Certificates of Deposit12
  • First year Safe Deposit Box rental free and 50% off additional rental years13
  • Image Statement Fee is waived
  • Free Official Checks, Money Orders, Notary Services and Signature Guarantees
  • High priority Call Center assistance
  • Online and Mobile Banking
  • Exclusive checks and $10 off other select styles

Diamond Savings14 is an exclusive account reserved for our Diamond and Diamond Elite Checking clients. Diamond Savings is a multiple-tiered interest-bearing account that offers safety and liquidity at a higher interest rate than our traditional Statement Savings account. Diamond Savings is a convenient, low-cost way to save regularly for specific financial needs or to contribute to “emergency” funds.15

  • Exclusive competitive interest rates16
  • No Monthly Maintenance Fee17
  • Systematic Savings Opportunities10

Offered exclusively to our Private Banking clients, Diamond Elite Money Market14 is a multiple-tiered interest-bearing account that offers safety and liquidity at a higher interest rate than a traditional Money Market account. The Diamond Elite Money Market account is a convenient, and low-cost18 way for clients interested in combining investment savings rates with cash management conveniences.

  • Exclusive competitive interest rate16
  • Liquidity with check-writing privileges15,19
  • World Debit Mastercard® privileges20

A PARTNERSHIP WITH MOMENTUM

The Private Banking team consists of Relationship Bankers who help prioritize your short- and long-term needs and pursue a sure-footed financial plan for the future.

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WEALTH MANAGEMENT1

Meet with a primary financial advisor to help plan for your long-term returns, tax matters and asset protection. Our team will be there with you for the long haul.

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Meet with a Relationship Manager today

A Full Service, Customized Approach

Your Relationship Manager will work with you to understand your plans and needs to prioritize and recommend an appropriate combination of accounts, investment products and commercial banking strategies to help all your hard work pay off.

It is a full-circle approach to helping you build a smart financial future, and the First Midwest Private Banking team will be with you every step of the way.

Meet Our Team

Connect With Us

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Email Customer Care
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Find your nearest bank or Private Banking Relationship Manager
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800-322-3623

1 Wealth Management services are offered through First Midwest Bank. Most Wealth Management products are not FDIC insured. First Midwest Bank and its representatives do not provide legal or tax advice. Please consult an independent tax advisor or attorney for more complete information.
2 A Private Bank client is a Commercial client with business assets of $1 million or greater or an individual client with at least $250,000 combined qualifying deposit, investment and loan products with the Bank or a client that otherwise meets Private client criteria. See a Private Client Banker for details.
3 All loan products are subject to credit approval. Property insurance is required on loans secured by real estate.
4 Secured lines of credit are underwritten by First Midwest Bank, Member FDIC. Available for clients with qualified assets. Subject to credit approval. Credit Lines up to $2,000,000 with maximum LTV of 50%. Certain rate and fee restrictions may apply.
5 Only eligible in Illinois, Indiana, Iowa, Wisconsin, Michigan, Arizona, Florida, California and Colorado.
6 Program conditions subject to change without notice. Construction must not have already been started. Property must be located in Illinois, Indiana, Iowa, Wisconsin, or Michigan. Property insurance required.
7 $100 minimum balance to open. No monthly maintenance fee. Other fees and charges may apply. See our Retail Account Agreement and Disclosure Fee Schedule for details.
8 At the end of each Analysis Period, the Bank will refund any other ATM operators’ fees that were assessed during that Analysis Period unless your Account became overdrawn at any time during the Analysis Period.
9 Additional fees will apply for duplicate checks.
10 For each month there is an automatic savings transfer of $50 or more from your Diamond Elite Checking Account to your Diamond Savings Account, the Diamond Savings Account’s monthly maintenance fee will be waived.
11 Subject to credit approval. Property insurance is required on loans secured by property. Cannot be combined with other rebates, discounts, or promotional offers on a single loan number. Rebate may take up to 120 days to appear in your account. Rebate may be subject to IRS tax reporting.
12 Minimum balance to open is $1,000. Penalty may be imposed for early withdrawal. Fees may reduce account earnings.
13 Rental discount available on one Safe Deposit Box with auto payment from your Diamond Elite Checking Account. Discount can be applied to largest Safe Deposit Box owned.
14 Online account opening is available to residents of Illinois, Indiana, Iowa and Wisconsin. $100 minimum deposit required to open account. A Diamond Checking Account or a Diamond Elite Checking Account is required to be eligible for this Account.
15 Six (6) withdrawals are free per Analysis Period for each savings and/or money market Account. Each withdrawal exceeding six (6) per Analysis Period will be assessed an Excessive Withdrawal Fee of $5.00. This includes, but is not limited to, to teller-assisted withdrawals, checks, ATM or debit Card transactions, Account transfers via Online Banking and Mobile Banking, telephone transfers, person-to-person payments (e.g., Zelle® or Venmo), ACH or preauthorized automatic transfers, and wire transfers.
16 Refer to the Deposit Rate Sheet for current rates. Rates are variable. Interest rate and Annual Percentage Yield subject to change daily.
17 No maintenance fees when you maintain an automatic minimum monthly transfer of $50 or more from your Diamond Checking or Diamond Elite Checking Account to your Diamond Savings Account, OR maintain a minimum daily Ledger Balance of $1,000.
18 $25 monthly maintenance fee. Fee is waived when you maintain a minimum daily Ledger Balance of $2,500
19 IRA Money Market Accounts do not offer check-writing or check imaging functionality.
20 World Debit Mastercard® must also be tied to a Diamond or Diamond Elite Checking Account. If the client maintains only a Diamond Elite Money Market Account, an ATM card is available.