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Chi town, (Community NEWSWIRE) — First Midwest Bancorp, Inc. (“First Midwest”) now announced so it possess inserted on a definitive arrangement so you’re able to acquire Bridgeview Bancorp, Inc. (“Bridgeview”), the fresh carrying company to possess Bridgeview Bank Classification.

Bridgeview keeps up to $1.dos million overall possessions, $step one.step one million in the places, where nearly 75% was core dumps, and you can $800 mil inside funds (specialist forma by leaving out Bridgeview’s home loan department, and that Basic Midwest isn’t acquiring). They works thirteen banking offices across better Chicagoland, and additionally twigs from the Bryn Mawr, Edgewater, Garfield Ridge, Lincoln Playground, Lincoln Rectangular and you may Uptown areas of il, including multiple suburbs.

Bridgeview Bank’s site is actually

“The audience is extremely delighted so you’re able to enjoy Bridgeview Bank clients and you may acquaintances in order to Basic Midwest,” said Michael L. Scudder, President, Chairman and you will Ceo of First Midwest. “Bridgeview are a properly-established and you will trusted financial institution having strong consumer and you may area relationships, and this we enjoy continuous. Joining pushes which have Bridgeview provides to any or all of one’s members a keen extended footprint across the Chi town and further advances all of our position because location Chicago’s biggest industrial financial.”

“Earliest Midwest has generated tall momentum historically because of the industry-top commitment to matchmaking-based financial and to bringing many financial activities and services. I greatly anticipate signing up for her or him,” said Peter J. Haleas, President out of Bridgeview. “Our subscribers continues to have the highly personalized solution it attended can be expected from Bridgeview Bank, now towards the extra advantage of a broader range of products and you can properties in addition to large level.”

The latest merger arrangement provides for a predetermined exchange ratio regarding 0.2767 offers out of Very first Midwest prominent inventory, as well as $step one.79 inside cash per share off Bridgeview prominent inventory, having an overall transaction worth of up to $145 billion, susceptible to specific improvements.

Your order are at the mercy of standard regulatory approvals, the newest acceptance of Bridgeview’s stockholders and completion of numerous closure criteria, in fact it is expected to close in the second one-fourth out of 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.

So it news release, plus people dental statements from otherwise on behalf from Basic Midwest, will get contain specific “forward-appearing statements” in the concept of the non-public Bonds Legal actions Change Operate off 1995. Forward-lookin statements become those people relating to Very first Midwest’s recommended acquisition of Bridgeview, like the will set you back and you can masters relevant therewith plus the timing thereof. In some instances, forward-lookin statements are going to be recognized by using terminology such given that “can get,” “might,” “tend to,” “perform,” “should,” “you will,” “predict,” “plan,” “intend,” “welcome,” “believe,” “imagine,” “mindset,” “expect,” “project,” “possible,” “prospective,” “you are able to,” “address,” “keep,” “look forward,” otherwise “assume” and you will terminology of similar import. Forward-appearing statements aren’t historic activities or pledges out of upcoming efficiency or consequences, but instead share merely management’s beliefs out-of future overall performance or occurrences, many of which, of the their characteristics, are naturally uncertain and you can beyond management’s control. You are able that actual show and you can occurrences can differ, possibly materially, throughout the envisioned efficiency or events indicated on these send-lookin statements. Basic Midwest cautions your not to lay unnecessary reliance upon these comments. Forward-looking comments are designed merely by the time with the release, and Very first Midwest undertakes zero responsibility so you’re able to revise people pass-looking statements to echo the latest recommendations otherwise situations otherwise standards shortly after the newest time hereof.

Forward-searching comments was at the mercy of specific dangers, concerns and you can presumptions, together with, but not limited by: questioned synergies, cost savings or any other financial and other benefits associated with the brand new recommended transaction ranging from Basic Midwest and Bridgeview may not be understood contained in this the fresh expected timeframes otherwise might possibly be below estimated, the latest expected shareholder and regulatory approvals toward advised deal might not gotten or may possibly not be obtained inside a fast style, credit and interest rate dangers from the Earliest Midwest’s and you can Bridgeview’s respective enterprises, customer borrowing from the bank, payment, investment and deposit techniques, and standard economic climates, often in the united states or perhaps in the market components where First Midwest and you can Bridgeview perform otherwise invited conducting business, is faster advantageous than just questioned, the newest regulating otherwise legal requirements otherwise loans, or any other dangers, uncertainties and you may presumptions known according to the sections titled “Chance Products” and “Management’s Conversation and you may Research regarding Economic Condition and you may Consequence of Functions” from inside the First Midwest’s annual summary of Alabama lending promo code Setting 10-K for the year ended , as well as after that filings made out of the Securities and Replace Percentage (the fresh new “SEC”). Although not, this type of threats and you will uncertainties are not exhaustive. Most other areas of such accounts establish additional factors which could negatively feeling Very first Midwest’s organization, monetary results and you will pending or consummated buy transactions, such as the recommended acquisition of Bridgeview.

Bridgeview Lender is a wholly owned part regarding Bridgeview Bancorp, Inc

What contains here doesn’t make-up a deal to sell otherwise a great solicitation out of a deal buying any ties otherwise a great solicitation of every vote or acceptance. Regarding the the newest proposed merger out of First Midwest and you will Bridgeview, First Midwest often document a registration report on Setting S-4 with the SEC. The brand new registration report ought to include good proxy declaration out of Bridgeview, that also usually compose a great prospectus off Earliest Midwest, which is sent to Bridgeview’s stockholders. People and stockholders are advised to investigate registration report and you may proxy declaration/prospectus whether it gets readily available whilst have a tendency to contain important information in the Very first Midwest, Bridgeview in addition to proposed exchange. When registered, it document or any other files relating to the deal submitted of the Earliest Midwest can be obtained complimentary on SEC’s website on . This type of files may be obtained free of charge by the being able to access Basic Midwest’s website within firstmidwest beneath the tab “Investor Interactions” following not as much as “SEC Filings.” Rather, such data files is present free of charge of Basic Midwest through to composed request so you can Very first Midwest Bancorp, Inc., Attn: Business Assistant, 8750 Western Bryn Mawr Path, Collection 1300, Chicago, Illinois 60631 or from the calling (708) 831-7483, or from Bridgeview abreast of authored demand so you’re able to Bridgeview Bancorp, Inc., Attn: William Conaghan, Chairman and you may President, 4753 Northern Broadway, il, Illinois 60640 or of the calling (773) 989-5728.