ITASCA, IL,--(Marketwire - February 25, 2008) - First Midwest Bancorp, Inc. ("First Midwest") (NASDAQ: FMBI) today announced the declaration of a quarterly cash dividend on its common stock of $0.31 per share. The quarterly cash dividend will be payable on April 15, 2008 to stockholders of record as of the close of business on March 28, 2008 and represents the 101st consecutive quarterly dividend distribution since the Company's formation in 1983.

First Midwest Bancorp, Inc. will conduct its 2008 Annual Stockholders Meeting on Wednesday, May 21, 2008, at 9:30 A.M. CT at the Westin Chicago Northwest, Itasca, Illinois.

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 102 offices located in 63 communities, primarily in metropolitan Chicago. First Midwest was recently recognized by the Alfred P. Sloan Awards for Business Excellence in Workforce Flexibility in the greater Chicago Area.

Contact Information: CONTACT: Andrea L. Stangl Assistant Corporate Secretary (630) 875-7463 First Midwest Bancorp One Pierce Place, Suite 1500 Itasca, Illinois 60143-9768 (630) 875-7450