Purchase to add Readers which have Longer Business Exposure Round the Greater Chicagoland

Chi town, (Industry NEWSWIRE) — First Midwest Bancorp, Inc. (“Basic Midwest”) today established that it has registered towards the a decisive arrangement to and obtain Bridgeview Bancorp, Inc. (“Bridgeview”), this new carrying company to possess Bridgeview Lender Group.

Bridgeview features as much as $step one.dos billion as a whole assets, $step 1.1 billion in the places, of which nearly 75% are center places, and you will $800 million when you look at the money (expert forma as of excluding Bridgeview’s home loan division, and therefore First Midwest is not acquiring). They works thirteen financial organizations around the deeper Chicagoland, in addition to twigs on Bryn Mawr, Edgewater, Garfield Ridge, Lincoln Playground, Lincoln Rectangular and you will Uptown areas regarding il, and additionally numerous suburbs.

Bridgeview Bank’s site is

“Our company is really delighted so you can greet Bridgeview Lender customers and you will associates in order to Very first Midwest,” told you Michael L. Scudder, President, Chairman and you will Ceo out-of Earliest Midwest. “Bridgeview are a highly-depending and respected financial institution with deep client and you will people relationships, hence i look ahead to proceeded. Signing up for forces having Bridgeview brings to all your readers an enthusiastic lengthened impact across the il and further advances all of our standing as the town Chicago’s premier industrial lender.”

“Earliest Midwest has created significant energy over the years on account of its industry-best dedication to relationship-dependent banking and taking a wide array of banking facts and you can qualities. We truly anticipate signing up for them,” told you Peter J. Haleas, President regarding Bridgeview. “All of our customers continues to feel the highly personalized services it came to expect regarding Bridgeview Lender, today towards extra advantageous asset of a wider product range and you may features alongside large size.”

New merger contract provides for a fixed replace proportion of 0.2767 offers regarding Earliest Midwest common stock, as well as $step 1.79 inside the bucks for every show off Bridgeview preferred stock, with a complete transaction worth of everything $145 mil, at the mercy of specific customizations.

Your order was subject to typical regulating approvals, the fresh acceptance of Bridgeview’s stockholders as well as the conclusion of numerous closure conditions, that will be expected to close in next one-fourth regarding 2019.

First Midwest (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly-traded bank holding companies based on assets headquartered in Chicago and the Midwest, with over $15 billion of assets and $11 billion of 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, consumer, wealth management, trust and private banking products and services through locations in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. Visit First Midwest at firstmidwest.

and maintains its principal executive offices in Bridgeview, Illinois. Bridgeview Bank is a client-focused bank committed to providing an outstanding banking experience for all of its personal and business banking clients. It provides this experience through 13 banking locations throughout greater Chicagoland. bridgeviewbank.

Which pr release, plus one dental statements made by or on behalf away from First Midwest, get include certain “forward-looking statements” inside the meaning of the personal Securities Legal actions Change Act away from 1995. Forward-appearing statements become people relating to Very first Midwest’s proposed purchase of Bridgeview, such as the can cost you and you will gurus relevant therewith while the time thereof. In many cases, forward-looking statements shall be acquiesced by using conditions particularly as the “get,” “might,” “commonly,” “manage,” “would be to,” “you will definitely,” “assume,” “plan,” “desire,” “enjoy,” “trust,” “guess,” “attitude,” “predict,” “project,” “possible,” “potential,” “possible,” “target,” “keep,” “expect,” or “assume” and you may terminology regarding similar transfer. Forward-appearing statements are not historical issues otherwise claims out-of upcoming results or outcomes, but instead display simply management’s values out of future overall performance or situations, many of which, by their nature, was inherently uncertain and you can beyond management’s manage. You are able that efficiency and you will situations can differ, perhaps materially, about envisioned abilities otherwise events expressed on these send-searching comments. Basic Midwest warnings your to not put undue reliance upon such statements. Forward-appearing statements are designed merely as of new big date regarding the discharge, and you will Basic Midwest undertakes no responsibility so you’re able to upgrade any forward-appearing statements to help you echo new advice otherwise situations otherwise criteria shortly after the go out hereof.

Forward-searching statements is subject to certain risks, concerns and you will presumptions, including, not limited by: questioned synergies, discount or any other financial and other benefits of the brand new advised purchase ranging from Basic Midwest and you may Bridgeview may possibly not be know contained in this this new requested timeframes or could well be lower than estimated, the newest requisite stockholder and you will regulating approvals on the advised exchange you will never be gotten otherwise may not be gotten during the a timely style, borrowing from the bank and interest rate threats on the Earliest Midwest’s and you will Bridgeview’s particular companies, buyers borrowing from the bank, repayment, resource and you can put means, and general economic climates, often nationwide or even in the business section in which First Midwest and you may Bridgeview perform otherwise greet conducting business, may be faster favorable than simply expected, the fresh new regulating or courtroom criteria otherwise loans, or any other dangers, concerns and you may presumptions recognized in sections called “Exposure Things” and you will “Management’s Discussion and Research of Monetary Updates and you can Results of Functions” during the Very first Midwest’s annual post on Form 10-K towards 12 months finished , in addition to further filings created using brand new Ties and you may Change Fee (brand new “SEC”). not, these risks and you can concerns commonly thorough. Most other sections of for example profile identify additional factors that’ll negatively feeling First Midwest’s organization, monetary performance and you can pending or consummated purchase transactions, including the recommended purchase of Bridgeview.

Bridgeview Bank is actually a wholly had part from Bridgeview Bancorp, Inc

What consisted of herein cannot make-up a deal to market otherwise a solicitation regarding an offer to shop for people securities otherwise a good solicitation of every vote or recognition. About the the recommended merger out of Very first Midwest and you will Bridgeview, Very first Midwest usually file a subscription report toward Mode S-cuatro into the SEC. New registration statement includes an effective proxy statement from Bridgeview, Get More Information that can have a tendency to make up an effective prospectus regarding Very first Midwest, and is sent to Bridgeview’s stockholders. People and stockholders are encouraged to look at the registration statement and proxy statement/prospectus if this gets offered as it usually include important information regarding the First Midwest, Bridgeview and advised transaction. When submitted, this file and other files relating to the exchange filed by Very first Midwest is present no-cost regarding the SEC’s site at the . Such data may also be purchased no-cost by opening Very first Midwest’s web site on firstmidwest according to the case “Buyer Interactions” following under “SEC Filings.” As an alternative, these records can be found no-cost from Basic Midwest upon authored request so you can Basic Midwest Bancorp, Inc., Attn: Business Secretary, 8750 West Bryn Mawr Avenue, Collection 1300, il, Illinois 60631 or of the contacting (708) 831-7483, or from Bridgeview on composed demand in order to Bridgeview Bancorp, Inc., Attn: William Conaghan, Chairman and you can Ceo, 4753 Northern Broadway, Chicago, Illinois 60640 otherwise by the contacting (773) 989-5728.