Daily News: March 30, 2012

First Midwest Bank Adds Fobbe as SVP, Business Development Manager

First Midwest Bank announced that Joseph Fobbe has joined the company as SVP, Business Development Manager in its Asset-Based Lending group.

He has over 20 years experience serving the senior financing needs of middle-market companies. Prior to joining First Midwest, Fobbe was involved with opening up the Chicago/Midwest market for two out-of-market national asset-based lending groups. During that time, he was an originator or team leader on new relationships representing approximately $1 billion in senior financings, which supported turnarounds and restructurings, leveraged and managed buyouts, high growth situations, and recapitalizations. His experience also includes the successful execution of asset-based, senior stretch, and leveraged cash flow structures.

Fobbe has always enjoyed working one-on-one with management teams and investors in the middle market and takes great pride in working hard to listen and understand the key structural needs of his clients. Delivering the right financing solution is his ultimate goal, always with an eye on the importance of relationships.

His overall track record includes success at Chase, PNC Business Credit and Regions Business Capital. Fobbe has an MBA from the Carlson School of Management at the University of Minnesota and an undergraduate degree in Business from St. Cloud State University.

First Midwest Bank, the wholly owned subsidiary of First Midwest Bancorp, Inc. is a relationship-based banking franchise in the Chicagoland banking market with approximately $8 billion in assets.

Previously on abfjournal.com:

First Midwest Bank Expands Asset-Based Lending Division, Wednesday, February 29, 2012