Arrow Down Icon of an arrow pointing downwards Arrow Left Icon of an arrow pointing to the left Arrow Right Icon of an arrow pointing to the right Arrow Up Icon of an arrow pointing upwards Bank Icon Icon of a bank building Check Icon Icon of a bank check Checkmark Icon Icon of a checkmark Credit-Card Icon Icon of a credit-card Funds Icon Icon of hands holding a bag of money Alert Icon Icon of an exclaimation mark Idea Icon Icon of a bright light bulb Key Icon Icon of a key Lock Icon Icon of a padlock Mail Icon Icon of an envelope Mobile Banking Icon Icon of a mobile phone with a dollar sign in a speech bubble Money in Home Icon Icon of a dollar sign inside of a house Phone Icon Icon of a phone handset Planning Icon Icon of a compass Question Icon Icon of a question mark inside of a speech bubble Reload Icon Icon of two arrows pointing head to tail in a circle Search Icon Icon of a magnifying glass Facebook Icon Icon of the Facebook logo LinkedIn Icon Icon of the LinkedIn Logo X X Symbol, typically used to close a menu
Press Release

First Midwest Announces Plans to Optimize Retail Branch Network

Company Release - 10/15/2020 9:00 AM ET

CHICAGO, Oct. 15, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. today announced plans to optimize its retail branch network as part of its ongoing commitment to best meet the evolving needs and preferences of its clients. By the end of 2020, First Midwest will fully re-open the lobbies of 23 branches that were closed due to the COVID-19 pandemic. In early 2021, it will consolidate 17 branches, or approximately 15% of its branch network.

Following these actions, First Midwest’s branch distribution network will remain one of the largest in the Chicagoland area, serving clients from 105 locations. The branch consolidations will have minimal impact on market coverage for First Midwest clients. Nearly all locations are within close proximity of another First Midwest branch, and approximately half have been closed over the past six months due to the pandemic.

“Our clients are increasingly favoring a more digital banking experience, which has been amplified and accelerated due to the COVID-19 pandemic,” said Mark Sander, President and Chief Operating Officer of First Midwest. “These steps will enable us to continue to provide award-winning service to our clients no matter how they choose to engage with us – whether it’s through our robust branch network and a community banking experience they value or through our state-of-the-art online and mobile platforms and capabilities.”

About First Midwest

First Midwest Bancorp, Inc. (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $21 billion of assets and an additional $13 billion of assets under management. First Midwest Bank and its other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. First Midwest operates branches and other locations throughout metropolitan Chicago, southeast Wisconsin, northwest Indiana, eastern Iowa and other markets in the Midwest. Visit First Midwest at


Patrick S. BarrettMaurissa Kanter
EVP, Chief Financial OfficerSVP, Director of Corporate Communications

FMBI Color Logo_7-21-2015.jpg

Source: First Midwest Bancorp, Inc.