First Midwest Bancorp, Inc. Appoints Michael L. Scudder as Chairman of the Board and J. Stephen Vanderwoude as Lead Independe...
November 15 2017 - 12:31PM
First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ:FMBI), the
parent company of First Midwest Bank, today announced the election
of Michael L. Scudder, President and Chief Executive Officer,
to the additional position of Chairman of the Board. First
Midwest also announced today the appointment of J. Stephen
Vanderwoude as Lead Independent Director. These actions
became effective on November 14, 2017 following the decision
by Robert P. O’Meara to retire as board chairman. Mr.
O’Meara, who will continue to serve as a director, has been named
Chairman Emeritus.
“I look forward to continuing to work with our
highly engaged board of directors and with Steve Vanderwoude as our
Lead Independent Director,” said Michael L. Scudder, Chairman,
President and Chief Executive Officer of First Midwest.
“Steve has significant experience with our company, our industry
and corporate governance, and is held in exceptionally high regard
by our board of directors.”
Mr. Scudder continued, “I also want to take this
opportunity to thank Bob O’Meara for his valued leadership and many
years of service to First Midwest as a director, chairman and
CEO. His guidance and counsel have been invaluable to First
Midwest and to me personally. I am pleased that Bob will
remain as a director so that the board may continue to benefit from
his substantial banking experience and valued judgment.”
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 $10 billion in trust assets under management. First
Midwest’s principal subsidiary, First Midwest Bank, and other
affiliates provide a full range of commercial, 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.
Contact Information:
James M. RoolfSenior Vice President/Corporate Relations
Officer(630) 875-7533jim.roolf@firstmidwest.com
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