UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 23, 2010 First Midwest Bancorp, Inc. (Exact name of registrant as specified in its charter) | |||||
Delaware (State or other jurisdiction of Incorporation) | 0-10967 (Commission File Number) | 36-3161078 (IRS Employer Identification No.) | |||
One Pierce Place, Suite 1500, Itasca, Illinois (Address of principal executive offices) | 60143 (Zip Code) | ||||
(630) 875-7450 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) | |||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
FIRST MIDWEST BANCORP, INC. |
FORM 8-K |
April 28, 2010 |
Item 8.01. Other Events On Friday, April 23, 2010 First Midwest Bancorp, Inc. (“FMBI”) announced that its wholly-owned subsidiary First Midwest Bank (“First Midwest”) acquired certain deposits and assets of Peotone, Illinois-based Peotone Bank and Trust Company (“Peotone Bank”) in a transaction facilitated by the Federal Deposit Insurance Corporation (“FDIC”). Through this transaction, First Midwest assumed approximately $84 million in deposits and purchased approximately $91 million in assets based on financial data as of March 31, 2010. First Midwest entered into a loss sharing agreement with the FDIC which will cover approximately $56 million of the acquired assets and protect First Midwest from 80% of the net losses on the covered assets. First Midwest expects to realize an after-tax gain of approximately $2 million on the transaction. The former Peotone Bank had two locations in the western suburbs of Chicago (200 West Corning Avenue, Peotone, Illinois and 5601 Monee Manhattan Road, #111, Monee, Illinois), both of which will operate as branches of First Midwest. These branches will enhance First Midwest’s footprint in Will County and strengthen the company’s suburban Chicago franchise. A copy of the press release issued by First Midwest regarding the transactions is attached as Exhibit 99.1 and is incorporated into this Item 8.01 by reference. |
Financial Statements and Exhibits. 99.1 First Midwest Press Release dated April 23, 2010 |
SIGNATURES | |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused | |
this report to be signed on its behalf by the undersigned thereunto duly authorized. | |
First Midwest Bancorp, Inc. | |
(Registrant) | |
Date: April 28, 2010 | /s/ CYNTHIA A. LANCE |
By: Cynthia A. Lance Executive Vice President and Corporate Secretary | |