ITASCA, Ill., Aug. 14 /PRNewswire-FirstCall/ -- First Midwest Bancorp,
Inc. (Nasdaq: FMBI) today announced that Moody's Investment Service had
assigned investment grade ratings to both First Midwest Bancorp and its
subsidiary, First Midwest Bank. Moody's assigned ratings of Baa1 to First
Midwest and deposit ratings of A3 for long-term deposits and Prime-1, its
highest rating, for short-term deposits to First Midwest Bank. Moody's
outlook for all of these ratings is stable.
"We are extremely pleased with these ratings," said John O'Meara, Chief
Executive Officer and President of First Midwest. "They reflect the strength
of our financial position, the strong quality of our loan and investment
portfolios and the ongoing strength of our operating performance."
First Midwest is the premier relationship-based banking franchise in the
wealthy and growing suburban Chicago banking markets. As the largest
independent bank holding company and one of the overall largest banking
companies in the Chicago metropolitan area, First Midwest provides the full
range of both business and retail banking, trust and investment management
services through 70 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
CONTACT:
Steven H. Shapiro of First Midwest Bancorp,
Inc., +1-630-875-7345
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