Business

First Midwest completes acquisition of The National Bank & Trust

Posted March 18, 2016 1:00 am

Marketwired

ITASCA - First Midwest Bancorp said it has completed its acquisition of NI Bancshares Corp. and The National Bank & Trust Company of Sycamore.

At closing, NB&T had approximately $665 million in total assets and an additional $700 million in trust assets under

administration. Combined with NB&T, First Midwest stands as Illinois' fifth largest financial institution and third largest wealth management provider.

NB&T's ten offices in DeKalb, Kane and LaSalle counties in northern Illinois have become branches of First Midwest Bank. Michael A. Cullen, President of NB&T, now serves as a Regional President of First Midwest.

"We share NB&T's long-standing dedication to helping businesses, families, individuals and communities succeed," said Michael L. Scudder, president and chief executive officer of First Midwest. "Together, we look forward to adding further value and opportunities to our clients through an even broader offering of financial services and innovative solutions."

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