![]() ![]() The company was acquired by Old National Bank (NAS: ONB) on February 15, 2022. Founded in 1940, First Midwest Bank was located in Chicago, Illinois, and operated as a subsidiary of First Midwest Bancorp. ![]() First Midwest’s history began when a bank was founded in. The firm also provided equipment financing through its subsidiary, First Midwest Equipment Finance. Because First Midwest doesn’t charge any fees, even late fees, it’s our pick for the best low-fee personal loan with a co-signer. First Midwest's Structured Finance Group offered cash flow loans to companies backed by financial sponsors, which may include private equity firms, family offices, or other investor groups. In addition, First Midwest offered wealth management, asset management, financial planning, advisory, insurance, and education planning services. The bank offered checking accounts, savings account, health savings accounts, mortgages, home equity, personal loans, reverse mortgages, auto loans, and specialty loans. First Midwest Bank was a commercial bank that provided personal banking, business banking, and wealth management services.
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