Business

First Midwest acquires Premier Asset Management

Posted March 07, 2017 12:00 am

Globe Newswire

ITASCA - First Midwest Bancorp said it has acquired Premier Asset Management LLC, a registered investment adviser based in Chicago.

Terms of the acquisition were not announced.

Premier was founded in 2001 to provide customized investment advisory services to its clients. Joe and Denise Seminetta, who have a combined 50 years of experience in the investment advisory industry, will continue to lead Premier and its team as a separate subsidiary within the First Midwest umbrella of financial and wealth management services. Premier has approximately $550 million of assets under management.

"Premier's combination of expertise and service commitment sets them apart, bringing additional breadth to First Midwest. Together, we strengthen our shared promise to successfully meet the financial and service needs of our higher net worth clients through a full range of private banking and wealth management offerings," said Robert P. Diedrich, executive vice president and director of Wealth Management of First Midwest Bank.

Article Comments

Article Categories
Business Finance

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.