ITASCA, Ill., Sept. 4 /PRNewswire-FirstCall/ -- The Board of Directors of
First Midwest Bancorp, Inc. (Nasdaq: FMBI) today announced that John M.
O'Meara, the Company's President and Chief Operating Officer, will assume the
position of Chief Executive Officer effective January 1, 2003, succeeding
Robert P. O'Meara who will retire at year end.
John O'Meara, 56, has served as the Company's Chief Operating Officer
since 1993 and, in addition, as Chief Executive Officer of First Midwest Bank
since 1995 when the Company's then four bank subsidiaries were merged to form
the Bank, a position he will continue to fill.
Bob O'Meara, 65 next month, has been the Company's Chief Executive Officer
since 1987 and before that its Chief Operating Officer dating to the Company's
formation in 1983. Bob will continue to be associated with the Company in the
capacity of Chairman of the Board of Directors.
A spokesman for the Board said, "Based upon his significant contributions
to the Company's successes to date, the Board is confident that no one is
better qualified and suited than John to lead First Midwest going forward.
Bob and John have worked long and closely both together and with the Board
ensuring that the succession will be smooth and seamless. The Board thanks
Bob for his leadership and the success the Company has enjoyed during his
tenure and is pleased with his continuing association as Chairman of the
Board."
Active in a number of civic organizations, John O'Meara holds an
undergraduate degree from the University of Notre Dame and an M.B.A. from
Northwestern University's Kellogg School of Management.
The O'Meara brothers have been associated in banking for more than 30
years almost all of which has been with either the Company or its predecessor
banks. Each was heavily involved in the formation of the Company and has
served as a member of its Board of Directors since it became a public company
in 1983.
With assets of approximately $6 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
http://www.prnewswire.com/gh/cnoc/comp/122621.html
CONTACT:
James M. Roolf, +1-815-774-2071, or Barbara
E. Briick, +1-630-875-7459, both of First Midwest Bancorp
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