Private Banking | First Midwest Bank

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PRIVATE BANKING SERVICES

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

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

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.

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.

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¹Wealth 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.