{"id":539287,"date":"2021-09-16T15:58:09","date_gmt":"2021-09-16T19:58:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/first-midwest-announces-overwhelming-stockholder-support-for-partnership-with-old-national\/"},"modified":"2021-09-16T15:58:09","modified_gmt":"2021-09-16T19:58:09","slug":"first-midwest-announces-overwhelming-stockholder-support-for-partnership-with-old-national","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-midwest-announces-overwhelming-stockholder-support-for-partnership-with-old-national\/","title":{"rendered":"First Midwest Announces Overwhelming Stockholder Support for Partnership With Old National"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">CHICAGO, Sept.  16, 2021  (GLOBE NEWSWIRE) &#8212; First Midwest Bancorp, Inc. (\u201cFirst Midwest\u201d) today announced that its stockholders have overwhelmingly approved the proposed merger between First Midwest and Old National Bancorp (\u201cOld National\u201d), which was announced on June 1, 2021. At First Midwest\u2019s stockholder meeting held on September\u00a015, 2021, approximately 99% of the votes cast voted in favor of the merger.<\/p>\n<p>\u201cOur partnership with Old National is, at its core, a growth strategy that will put us in an even stronger position to invest, grow and innovate in talent, capabilities and services across our combined footprint,\u201d said Michael L. Scudder, Chairman and CEO of First Midwest. \u201cWe are very pleased our stockholders also see the value that this partnership will bring to our clients, colleagues and communities and in driving long-term stockholder value.\u201d<\/p>\n<p>Completion of the merger remains subject to regulatory approval by the Board of Governors of the Federal Reserve System and satisfaction of the other customary closing conditions set forth in the merger agreement between the First Midwest and Old National. The Office of the Comptroller of the Currency has approved the application for the merger of First Midwest and Old National.<\/p>\n<p>The merger remains on track for an expected closing in the fourth quarter of 2021.<\/p>\n<p align=\"justify\">\n        <strong>About First Midwest<\/strong><br \/>\n        <br \/>First Midwest (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $22 billion of assets and an additional $15 billion of assets under management. First Midwest Bank and First Midwest\u2019s other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. The primary footprint of First Midwest\u2019s branch network and other locations is in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. Visit First Midwest at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=n8NJBlTTpLm1yzGLoDwnrolUqRIMVumcvFolamwRNGn-1yiQ9wiIQ9VOIlN2EKwBejsHvDcnqOMBXvh1jWfXRvihJodfGH5e1_9RmjhcRMemEFHxKA_TLrzZ_GxqAnMAcCXGIPfBxdj7hrKa5e5DUWZ7kKe4-g9oIJl2ntbqOS99jL7DE6m5iz4xwMGhhk3zG8o0qQRN2qchfhss8DigulIz-ueg8SByk1urQyDC_OTK8CKThHewq-GjcZ7pxRUsJKD2mi0UuinoF16h3IsM1eetXheMylU2P1V-RZRlG-80-zBx54-_llqqOjcMZ_aAJc9_7GahO1Jk8orWQ4MmlQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.firstmidwest.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or guarantees of future performance or events but instead express only management\u2019s beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of management\u2019s control. It is possible that actual results and events may differ, possibly materially, from the anticipated results or events indicated in these forward-looking statements. Forward-looking statements also are subject to known and unknown risks, uncertainties, and assumptions and may include statements relating to First Midwest\u2019s future financial performance, delays in completing the pending merger of First Midwest and Old National, the failure to obtain necessary regulatory approvals or to satisfy any of the other conditions to the merger on a timely basis or at all, the possibility that the anticipated benefits of the merger are not realized when expected or at all, the inability to realize cost savings or improved revenues or to implement integration plans and other consequences associated with the proposed merger and the continued or potential effects of the COVID-19 pandemic and related variants and mutations on First Midwest\u2019s business, financial condition, liquidity, loans, asset quality and results of operations. For a detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements, you should refer to the sections entitled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d in each of First Midwest\u2019s Annual Report on Form\u00a010-K for the year ended December 31, 2020, First Midwest\u2019s Quarterly Report on Form\u00a010-Q for the quarter ended June 30, 2021, and in First Midwest\u2019s subsequent filings made with the SEC. These risks and uncertainties are not exhaustive, and other sections of these reports describe additional factors that could adversely impact First Midwest\u2019s business and financial performance. First Midwest cautions you not to place undue reliance on any forward-looking statements. These statements speak only as of the date made, and First Midwest is under no duty to update any of the forward-looking statements to conform prior statements to actual results or revised expectations, and does not intend to do so.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>Maurissa Kanter<br \/>SVP, Director of Corporate Communications<br \/>708.831.7345<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GwOUvqnQXmEjDtwgI9UOavGRHslVEBIsnj-KITPTSt2vXxyRPZtR2MVEM-SbGrH8auRdNGmXAtVQBYztxyTZs1AjW6y_cC4mmuTbAiam2VDz9RS1HOEVCCBY3Bf_NwOd\" rel=\"nofollow noopener\" target=\"_blank\">maurissa.kanter@firstmidwest.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyNzU2NSM0NDEwMDIzIzIwMDQyMTg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTIwZjExZDAtZWI3MC00MzExLTllNjQtMjljMzZmYmY0MTI4LTEwMTU3OTE=\/tiny\/First-Midwest-Bancorp-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO, Sept. 16, 2021 (GLOBE NEWSWIRE) &#8212; First Midwest Bancorp, Inc. (\u201cFirst Midwest\u201d) today announced that its stockholders have overwhelmingly approved the proposed merger between First Midwest and Old National Bancorp (\u201cOld National\u201d), which was announced on June 1, 2021. At First Midwest\u2019s stockholder meeting held on September\u00a015, 2021, approximately 99% of the votes cast voted in favor of the merger. \u201cOur partnership with Old National is, at its core, a growth strategy that will put us in an even stronger position to invest, grow and innovate in talent, capabilities and services across our combined footprint,\u201d said Michael L. Scudder, Chairman and CEO of First Midwest. \u201cWe are very pleased our stockholders also see the value that this partnership will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-midwest-announces-overwhelming-stockholder-support-for-partnership-with-old-national\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;First Midwest Announces Overwhelming Stockholder Support for Partnership With Old National&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-539287","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First Midwest Announces Overwhelming Stockholder Support for Partnership With Old National - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-midwest-announces-overwhelming-stockholder-support-for-partnership-with-old-national\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Midwest Announces Overwhelming Stockholder Support for Partnership With Old National - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, Sept. 16, 2021 (GLOBE NEWSWIRE) &#8212; First Midwest Bancorp, Inc. (\u201cFirst Midwest\u201d) today announced that its stockholders have overwhelmingly approved the proposed merger between First Midwest and Old National Bancorp (\u201cOld National\u201d), which was announced on June 1, 2021. At First Midwest\u2019s stockholder meeting held on September\u00a015, 2021, approximately 99% of the votes cast voted in favor of the merger. \u201cOur partnership with Old National is, at its core, a growth strategy that will put us in an even stronger position to invest, grow and innovate in talent, capabilities and services across our combined footprint,\u201d said Michael L. 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