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updated: 5/14/2019 8:35 AM

First Midwest completes Bridgeview Bank acquisition

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  • Chicago-based First Midwest Bancorp, which has banking facilities in the suburbs as well as Illinois, Indiana and Iowa, has completed its acquisition of Bridgeview Bank.

    Chicago-based First Midwest Bancorp, which has banking facilities in the suburbs as well as Illinois, Indiana and Iowa, has completed its acquisition of Bridgeview Bank.
    Daily Herald File Photo

 

CHICAGO -- First Midwest Bancorp, the holding company of First Midwest Bank, said it had completed its acquisition of Bridgeview Bank.

First Midwest said last December it would acquire the Bridgeview-based bank and its 13 banking offices in Chicago and the suburbs for an undisclosed amount. Bridgeview Bank has approximately $had approximately $1.1 billion in total assets, $755 million in loans and $1 billion in deposits, according to First Midwest officials,

All Bridgeview Bank branches have been converted to First Midwest branches.

"We look forward to building upon the legacy of exceptional client service and community engagement that Bridgeview Bank has personified over these many years." said Michael L. Scudder, chairman and chief executive officer of First Midwest.

First Midwest, which moved its headquarters from Itasca to Chicago earlier this year, has more than 100 bank offices throughout metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa.