Financial M&A » By The Online Investor Staff, updated Sat., Jul. 2, 2:17 PM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #45. First Midwest Bank — Chicago Banking Operations of Popular Community Bank
Acquirer:
First Midwest Bank (NASDAQ:FMBI)
Acquiree:
Chicago Banking Operations of Popular Community Bank
Details:
First Midwest Bancorp, Inc. (the "Company" or "First Midwest") (NASDAQ: FMBI) announced today that its subsidiary bank, First Midwest Bank, has signed a definitive agreement to acquire the Chicago banking operations of Popular Community Bank, a subsidiary of Popular, Inc. The acquisition includes Popular Community Bank's retail banking offices and its small business and middle market commercial lending activities in the Chicago metropolitan area.
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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Avg. Broker Rec.
 
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Buy (2.60 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: FMBI Stock Forecast Based on Zacks ABR data; powered by Xignite |
