ITASCA, Ill., Oct. 10 /PRNewswire-FirstCall/ -- First Midwest Bancorp,
Inc. (Nasdaq: FMBI) today announced that Standard & Poor's Ratings Services
had assigned investment grade ratings to both First Midwest Bancorp and its
subsidiary, First Midwest Bank. Standard & Poor's assigned its long-term
counterparty credit rating of BBB+/A-2 to First Midwest Bancorp and assigned
counterparty credit ratings of A-/A-2 to First Midwest Bank, its principal
operating subsidiary. Standard & Poor's outlook for all of these ratings is
stable.
"These ratings confirm our track record of above peer financial
performance coupled with our superior asset quality," said John O'Meara,
President and Chief Executive Officer of First Midwest. "I am pleased with
Standard & Poor's acknowledgement of our in-depth local market knowledge and
conservative underwriting policies."
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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