First Midwest Bancorp, Inc. Declares Dividends
November 20 2020 - 10:59AM
First Midwest Bancorp, Inc. (the “Company” or “First Midwest”),
today announced that its Board of Directors declared a quarterly
cash dividend of $0.14 per share on the Company’s common
stock. This quarterly cash dividend will be payable on
January 12, 2021 to common stockholders of record on
December 18, 2020 and will represent the 152nd consecutive
cash dividend paid by First Midwest since its inception in 1983.
The Board of Directors also declared a quarterly
cash dividend of $17.50 per share (equivalent to
$0.4375 per depositary share or 1/40th interest per share) on
First Midwest’s 7.000% Fixed Rate Non-Cumulative Perpetual
Preferred Stock, Series A (NASDAQ: FMBIP) and
Series C (NASDAQ: FMBIO). The dividends are payable on
February 20, 2021 to stockholders of record as of the close of
business on February 5, 2021.
About First Midwest
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 approximately
$21 billion of assets and an additional $13 billion of
assets under management. First Midwest Bank and First Midwest’s
other affiliates provide a full range of commercial, treasury
management, equipment leasing, consumer, wealth management, trust
and private banking products and services. First Midwest operates
branches and other locations throughout metropolitan Chicago,
southeast Wisconsin, northwest Indiana, eastern Iowa and other
markets in the Midwest. Visit First Midwest at
www.firstmidwest.com.
Contacts |
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Investors: Patrick S. Barrett EVP, Chief
Financial Officer 708.831.7231 pat.barrett@firstmidwest.com |
Media:Maurissa KanterSVP, Director of
Corporate
Communications708.831.7345maurissa.kanter@firstmidwest.com |
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