Source: First Midwest Bancorp, Inc.

First Midwest Bancorp Announces Schedule for Fourth Quarter 2006 Earnings Release and Teleconference

ITASCA, IL -- (MARKET WIRE) -- December 29, 2006 -- First Midwest Bancorp, Inc. (NASDAQ: FMBI) today announced the following schedule and contact information for its fourth quarter 2006 earnings release and teleconference:

--  4th Quarter 2006 Earnings Release:  Wednesday, January 24, 2007, prior
    to the market opening, by Market Wire distribution and First Midwest's web
    site at
--  Teleconference:  Wednesday, January 24, 2007, from 10:00 A.M. to 11:00
    A.M. ET.  Listen-only mode via telephone and Internet broadcast on the
    First Midwest web site at
--  Dial-in Numbers:  (866) 271-5140; International (617) 213-8893;
    passcode 71450825.  Please call 10 to 15 minutes before the scheduled start
    of the teleconference.
--  Telephone Replay:  (888) 286-8010; International (617) 801-6888;
    passcode 41200393.  The replay will be available from 12:00 P.M. ET on
    January 24, 2007 until 11:59 P.M. ET on January 31, 2007.
--  Web Replay:  Access the web replay by selecting the Investor Relations
    section of the First Midwest web site at  The replay
    will be available beginning at 12:00 P.M. ET on January 24, 2007 until
    11:59 P.M. ET on January 31, 2007.
First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of both business and retail banking and trust and investment management services through 103 offices located in 63 communities, primarily in metropolitan Chicago. First Midwest was the only bank named by Chicago magazine as one of the 25 best places to work in Chicago.

Contact Information: CONTACT: Michael L. Scudder EVP, Chief Financial Officer (630) 875-7283 First Midwest Bancorp One Pierce Place, Suite 1500 Itasca, Illinois 60143-9768 (630) 875-7450