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First Midwest Bancorp, Inc. Buyback

OLI recorded this information on 2/26/2020

Company: First Midwest Bancorp, Inc.
Buyback: FMBI buyback
$Amount Authorized: $200,000,000
Buyback Details: First Midwest Bancorp, Inc. (the "Company") announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to $200 million of its common stock. Stock repurchases under this program may be made from time to time on the open market, in privately negotiated transactions or through accelerated share repurchase programs at prices to be determined by the Company. The program will be in effect until December 31, 2021. The new stock repurchase program replaces the Company's prior program scheduled to expire at the end of March 2020, under which the Company was authorized to repurchase up to $180 million of its common stock and has repurchased approximately $44.9 million of shares.

First Midwest Bancorp is a bank holding company. Through its subsidiary, First Midwest Bank (the Bank), Co. provides a range of commercial, treasury management, equipment leasing, consumer, wealth management, trust, and private banking products and services. The Bank provides deposit products and services, including checking, money market, and savings accounts and short and long-term certificates of deposit. The Bank provides debit and automated teller machine cards, credit cards, internet and mobile banking, and telephone banking. The Bank originates commercial and industrial, agricultural, commercial real estate, and consumer loans to businesses and residents in the Bank's market areas.
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Company Name: 
First Midwest Bancorp, Inc. (Naperville, IL)
Stock buyback: 
FMBI buyback
Website: 
www.firstmidwest.com
Sector: 
Banking & Savings
 

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Buy (2.60 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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