Initial purchase: 5/15/2014
Cost basis $15.76
Current Portfolio Status: hold
Dividend Reinvestment: N
Dividends paid quarterly in Jan, Apr, Jul, Oct
Shares held on account with Motif
First Midwest Bancorp, Inc. operates as the holding company for First Midwest Bank, which provides various commercial and retail banking services to individual, business, institutional, and governmental customers. The company’s deposit products include checking accounts, NOW accounts, money market accounts, savings accounts, individual retirement accounts, and time deposits of various types ranging from shorter-term to longer-term certificates of deposit. It also provides commercial, industrial, and agricultural loans for supporting seasonal working capital needs to term financing of equipment; commercial real estate loans consisting of loans for industrial buildings, office buildings, and retail shopping centers; construction loans; and consumer loans, including home equity, 1-4 family mortgages, and installment loans. In addition, the company offers wealth management services to individual and institutional clients, such as corporate and public retirement plans, foundations and endowments, high net worth individuals, and multi-employer trust funds. As of December 22, 2014, it operated approximately 110 banking offices located in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa. The company was founded in 1982 and is headquartered in Itasca, Illinois.