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) November 14, 1997
First Midwest Bancorp, Inc.
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(Exact name of registrant as specified in its charter
Delaware 0-10967 36-3161078
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(State or other jurisdiction) (Commission (IRS Employer
or incorporation) File Number Identification No.)
300 Park Boulevard, Suite 405, Itasca, Illinois 60143
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(Address of principal executive offices) (Zip Code)
(630) 875-7450
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Registrant's telephone number, including area code
N.A.
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(Former name and address, if changed since last report)
FIRST MIDWEST BANCORP, INC.
FORM 8-K
NOVEMBER 14, 1997
Item 5. Other Events
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On October 1, 1997, First Midwest Bancorp, Inc. ("First Midwest"), acquired all
of the outstanding common stock of SparBank, Incorporated ("SparBank"), pursuant
to an Agreement and Plan of Merger, dated June 18, 1997, in exchange for
3,230,764 shares of First Midwest common stock. As a result of the acquisition,
SparBank was merged with and into First Midwest and McHenry State Bank ("MSB"),
the 99.7% owned subsidiary of SparBank, became a subsidiary of First Midwest.
This report on Form 8-K is filed to report that consolidated revenues
(unaudited), defined as net interest income and total non-interest income, and
net income (unaudited) for the 30-day period ended October 31, 1997, reflecting
30 days of post-merger combined operations of First Midwest and MSB, totaled
$15,324,828 and $3,755,205, respectively. Net income per share (unaudited) for
the 30-day period was $.19 based on 20,048,000 weighted average shares
outstanding. The operating results for this one month period are not necessarily
indicative of the results that may be expected for the quarter or year-ended
December 31, 1997. Net income for the 30-day period does not include the effect
of any portion of the pre-tax merger related charge of approximately $6.5-7.0
million that will be recognized by First Midwest in the fourth quarter of 1997
in conjunction with the SparBank acquisition.
Item 7. Financial Statements and Exhibits
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(a), (b) and (c) Not Applicable
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FIRST MIDWEST BANCORP, INC.
FORM 8-K
NOVEMBER 14, 1997
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.
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(Registrant)
Dated: November 14, 1997 DONALD J. SWISTOWICZ
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Donald J. Swistowicz
Executive Vice President
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