ITASCA, Ill., Nov. 21 /PRNewswire-FirstCall/ --
First Midwest Bancorp, Inc. (Nasdaq: FMBI) today announced the appointment of
Patrick J. McDonnell to the Company's Board of Directors and its Audit
Committee. It is anticipated that Mr. McDonnell will be nominated for
election as Director at the Company's Annual Shareholders Meeting in May 2003.
Age 59, Mr. McDonnell has more than 30 years experience in the
professional services industry and is currently the Chief Executive Officer of
The McDonnell Company, LLC. During the past three years The McDonnell Company
has been involved in a variety of consulting engagements to mid size companies
including startup and troubled companies. Prior thereto Mr. McDonnell served
as the chief operating officer of a publicly traded executive search firm and
facilitated its successful sale.
Mr. McDonnell was associated with Coopers & Lybrand from 1970 to 1998
serving during the period of 1993 to 1998 as the firm's Vice Chairman in
charge of the Audit Practice in the United States, Coopers largest line of
business with 1998 revenues exceeding $1 Billion. During the period of 1996
to 1998 Mr. McDonnell also served as Chairman of the International Accounting
and Audit Board of the global Coopers firm. After Coopers merged with Price
Waterhouse in 1998 Mr. McDonnell was Director of the Global Audit Practice of
the merged PricewaterhouseCoopers firm until his retirement late that year.
"We are very pleased that a person of Pat's extensive experience,
professional reputation and stature is joining our Board," said John M.
O'Meara President and soon to be CEO of First Midwest. "The combination of
his acumen in management, financial, accounting and audit matters and his
years of experience in working with the boards and audit committees of
numerous public companies makes Pat an unusually well qualified Director who
will further enhance the sophistication of our Board."
A resident of Lake Forest, Illinois Mr. McDonnell received his BA in
Business from the University of Notre Dame, his Masters in Business
Administration from the University of Michigan and is a Certified Public
Accountant.
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 some 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
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/122621.html
CONTACT:
John M. O'Meara of First Midwest Bancorp,
+1-630-875-7201
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