Old National Bancorp and First Midwest Bancorp completed their all-stock merger of equals, which was first reported in June of 2021. The combined company will have more than $46 billion of combined assets and $34 billion of assets under management.
The Federal Reserve approved the merger of equals transaction between Old National Bancorp and First Midwest Bancorp, following the approval the companies received last year from the Office of the Comptroller of the Currency and stockholders of both companies.
Old National Bancorp and First Midwest Bancorp entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a bank with $45 billion in combined assets.
First Midwest Bancorp, the parent company of First Midwest Bank, received approval from the Federal Reserve to acquire Bridgeview Bancorp and its wholly owned subsidiary, Bridgeview Bank Group.
First Midwest Bancorp entered into a definitive agreement to acquire Bridgeview Bancorp and its subsidiary, Bridgeview Bank Group, in a transaction valued at approximately $145 million.
First Midwest Bancorp appointed Patrick S. Barrett as executive vice president and chief financial officer of both the company and First Midwest Bank, effective January 5, 2017.