ITASCA, Ill., Feb. 27, 2018 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ:FMBI) announced today that its Board of Directors approved a 10% increase in the quarterly cash dividend on First Midwest’s common stock to $0.11 per share. This quarterly cash dividend will be payable on April 10, 2018 to common stockholders of record on March 23, 2018 and will represent the 141st consecutive cash dividend paid by First Midwest since its inception in 1983.
“This dividend increase further demonstrates the confidence we have in our company and our business strategy as well as our continued commitment to returning value to our stockholders,” said Michael L. Scudder, Chairman, President and Chief Executive Officer of First Midwest.
About First Midwest
First Midwest is a relationship-focused financial institution and one of the largest independent publicly-traded bank holding companies based on assets headquartered in the Midwest, with over $14 billion in assets and approximately $11 billion in trust assets under management. First Midwest’s principal subsidiary, First Midwest Bank, and other affiliates provide a full range of commercial, treasury management, equipment leasing, retail, wealth management, trust and private banking products and services through over 130 locations in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest’s common stock is traded on the NASDAQ Stock Market under the symbol FMBI. First Midwest’s website is www.firstmidwest.com.
Patrick S. Barrett
EVP and Chief Financial Officer
Source:First Midwest Bancorp, Inc.