FIRST MIDWEST BANCORP INC: directors' dealings · United States · SEC (Form 4)

About FIRST MIDWEST BANCORP INC

First Midwest Bancorp Inc. (ticker: FMBI) was a U.S.-listed regional banking company traded on NASDAQ in the United States. Before its combination with Old National Bancorp, the company operated as a Delaware-incorporated bank holding company headquartered in Chicago, Illinois, with a franchise focused on the Midwest. Its business model was centered on relationship banking, serving retail customers, small and middle-market businesses, municipalities, and select specialty borrowers across its core footprint. Historically, First Midwest grew through a mix of organic expansion and disciplined acquisitions. Its principal subsidiary, First Midwest Bank, offered a broad suite of products and services including commercial lending, commercial real estate loans, equipment finance, consumer lending, deposits, treasury management, cash management, leasing, wealth management, trust services, and private banking. This diversified product set allowed the bank to generate recurring fee income and maintain a balanced revenue mix, while staying anchored in traditional credit intermediation. The group’s positioning was that of a relationship-focused Midwestern lender, with strong local coverage and a reputation for serving clients that value proximity, execution, and cross-sell capabilities. From a competitive standpoint, FMBI sat between small community banks and the larger national money-center institutions. Its value proposition came from deep regional knowledge, a dense branch network in key Midwestern markets, and the ability to provide a fuller commercial-banking offering than many smaller peers. Its geographic presence included metropolitan Chicago and surrounding Midwest markets such as Illinois, Wisconsin, Indiana, and Iowa. For investors, the company belonged to the U.S. regional banking segment, where performance typically depends on loan growth, deposit franchise strength, net interest margin, credit quality, and local economic conditions. A major corporate milestone came in 2021, when First Midwest announced an all-stock merger of equals with Old National Bancorp. The Federal Reserve approved the transaction in January 2022, and the deal was expected to close in mid-February 2022, with Old National as the surviving entity. As a result, FMBI ceased to operate as an independent public company after the merger closed. That is an important point for anyone reviewing SEC Form 4 insider transactions: filings should be interpreted in the context of a company that was subsequently acquired and integrated into Old National. In practical terms, FMBI is now best understood as a former Midwestern regional bank that contributed scale, deposits, and geographic diversification to the combined franchise rather than as a standalone listed equity today.