ITASCA, Ill., Feb. 22 /PRNewswire-FirstCall/ -- First Midwest Bancorp,
Inc. (Nasdaq: FMBI) today announced that Donald J. Swistowicz, Executive Vice
President and Chief Financial Officer, will retire effective July 31, 2002
fulfilling a long held desire to retire at age 50 to devote more time to
family and personal matters. Swistowicz joined First Midwest in 1981 and was
instrumental in many facets of the Company's formation and has served as its
only Chief Financial Officer.
Succeeding Swistowicz will be Michael L. Scudder, age 41, who currently
serves as Executive Vice President and Chief Financial Officer of First
Midwest Bank. A certified public accountant with big five auditing firm
experience, Scudder has been associated with First Midwest for some 15 years
in a variety of increasingly important financial management positions, the
last 6 years of which have been in his current position. Scudder was
identified as Swistowicz's successor more than a year ago as part of the
Company's succession planning process. Swistowicz and Scudder have had a
close working relationship throughout their careers at First Midwest and are
both dedicated to affecting a seamless transition of responsibilities which
has been underway for a number of months.
Commenting on the retirement and succession, Robert P. O'Meara, Chairman
and Chief Executive Officer, said "We have the highest regard for Don and his
many significant accomplishments at First Midwest and wish him the best in his
early retirement. Mike has been a key member of our management team for the
past six years and is well qualified to succeed Don."
With assets of approximately $5.7 billion, First Midwest is the largest
independent and one of the overall largest banking companies in the highly
attractive suburban Chicago banking market. As the premier independent
suburban Chicago banking company, First Midwest provides commercial banking,
trust, investment management and related financial services to a broad array
of customers through 69 offices located in more than 40 communities primarily
in northern Illinois.
SOURCE First Midwest Bancorp, Inc.
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Related links:
http://www.firstmidwest.com
Company News On-Call:
http://www.prnewswire.com/comp/122621.html
CONTACT:
James M. Roolf, Sr. VP-Investor Relations,
+1-815-774-2071, or Barbara E. Briick, Sr. VP-Controller,
+1-630-875-7459, both of First Midwest Bancorp, Inc.
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