NEW YORK, Dec. 10, 2012 (GLOBE NEWSWIRE) -- Veteran business journalist Carmen Roberts joins Michael L. Scudder, President and Chief Executive Officer, First Midwest Bancorp, Inc. [FMBI] to discuss the company's industry, strategy, financials and positioning.
Mike Scudder has been with First Midwest Bancorp, Inc. for 26 years and has served as its President and Chief Executive Officer since 2008. Since taking the helm, the Company has successfully faced and navigated the significant challenges of the financial crisis. The Company, with solid capital strength, has maintained strong core earnings against a backdrop of turmoil created by the economic recession. Under his leadership the Company has acquired approximately $1 billion in deposits through four FDIC assisted acquisitions and a branch acquisition from Old National Bank. During his tenure, First Midwest has received numerous accolades and has been recognized by the Chicago Tribune as one of Chicago's Top Workplaces for three consecutive years and was recognized as having the "Highest Customer Satisfaction with Retail Banking in the Midwest" according to the J.D. Power and Associates 2011 Retail Banking Satisfaction Study(SM). Additionally, Forbes has recognized First Midwest as one of America's Most Trustworthy Companies for 2012.
Mike Scudder serves on the American Bankers Association's Bankers Council and has served on the Federal Reserve Bank of Chicago's Community Depository Advisory Council. He has a master's degree in finance from DePaul University and a bachelor's degree in accounting from Illinois Wesleyan University.
First Midwest, with assets of $8.2 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of business, retail banking and wealth management services through some 95 offices located in communities in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa.
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