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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 23, 2010
First
Midwest Bancorp, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
(State
or other jurisdiction
of
Incorporation)
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0-10967
(Commission
File
Number)
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36-3161078
(IRS
Employer
Identification
No.)
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One
Pierce Place, Suite 1500, Itasca, Illinois
(Address
of principal executive offices)
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60143
(Zip
Code)
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(630)
875-7450
(Registrant's
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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FIRST
MIDWEST BANCORP, INC.
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FORM
8-K
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April
28, 2010
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Item 8.01. Other Events
On
Friday, April 23, 2010 First Midwest Bancorp, Inc. (“FMBI”) announced that
its wholly-owned subsidiary First Midwest Bank (“First Midwest”) acquired
certain deposits and assets of Peotone, Illinois-based Peotone Bank and
Trust Company (“Peotone Bank”) in a transaction facilitated by the Federal
Deposit Insurance Corporation (“FDIC”). Through this transaction,
First Midwest assumed approximately $84 million in deposits and purchased
approximately $91 million in assets based on financial data as of March
31, 2010. First Midwest entered into a loss sharing agreement with the
FDIC which will cover approximately $56 million of the acquired assets and
protect First Midwest from 80% of the net losses on the covered
assets. First Midwest expects to realize an after-tax
gain of approximately $2 million on the transaction.
The
former Peotone Bank had two locations in the western suburbs of Chicago
(200 West Corning Avenue, Peotone, Illinois and 5601 Monee Manhattan Road,
#111, Monee, Illinois), both of which will operate as branches of First
Midwest. These branches will enhance First Midwest’s footprint
in Will County and strengthen the company’s suburban Chicago
franchise.
A
copy of the press release issued by First Midwest regarding the
transactions is attached as Exhibit 99.1 and is incorporated into
this Item 8.01 by reference.
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Financial
Statements and Exhibits.
99.1 First
Midwest Press Release dated April 23, 2010
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SIGNATURES
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Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused
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this
report to be signed on its behalf by the undersigned thereunto duly
authorized.
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First
Midwest Bancorp, Inc.
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(Registrant)
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Date:
April 28, 2010
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/s/
CYNTHIA A. LANCE
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By: Cynthia
A. Lance
Executive
Vice President and
Corporate
Secretary
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