NEW YORK, July 28, 2010 (GLOBE NEWSWIRE) -- Veteran business journalist Jill Bennett joins Mike Scudder, CEO,First Midwest Bancorp (FMBI) to discuss the company's industry, strategy, financials and positioning.
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MICHAEL L. SCUDDER
FIRST MIDWEST BANCORP, INC.
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Michael L. Scudder is the President and Chief Executive Officer of First Midwest Bancorp, Inc. and the Vice Chairman of the Board of First Midwest Bank. First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market, and one of the Chicago metropolitan area's largest independent bank holding companies.
Under Scudder's leadership, First Midwest has navigated and continued to meet the ongoing challenges of the recent financial crisis and strengthened its capital position to one of the strongest in the country. By maintaining strong capital and growing the Company's deposit base, Scudder has committed First Midwest to continue to fulfill the needs of its clients and the communities in the suburban metropolitan Chicago area, central Illinois and Northwest Indiana. Believing that a client's needs should always be the priority of First Midwest, Scudder has continued the Company's long standing reputation of outperforming peers in client satisfaction and operating performance.
Under Scudder's guidance, First Midwest has grown to serve 64 communities and continues to be one of the strongest and most trusted banks in Illinois. First Midwest's strong capital position has enabled it to complete two recent FDIC acquisitions in Westmont and Peotone, Illinois as Scudder continues to lead the strategic expansion of the Company's footprint. Through a network of some 100 branches, First Midwest is actively lending and ready to meet the financial needs of more than one quarter million families and businesses in the communities it serves.
Scudder has over 26 years of experience in the banking and financial institution industry, and served First Midwest for over 22 years. He serves in various leadership positions with several civic and charitable organizations in the metropolitan Chicago area.
About First Midwest Bancorp (FMBI):
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 some 100 offices located in 64 communities, primarily in metropolitan Chicago.
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