First Midwest completes acquisition of Integra Bank deposits

Marketwire

ITASCA — First Midwest Bank completed the deposit acquisition of the former Integra Bank from Old National Bank.

The acquisition resulted in First Midwest acquiring $107 million in deposits and one branch building.

Integra Bank was closed by federal regulators in October, with Old National taking over operations. First Midwest said in a statement the purchase helps strengthen its presence in Cook and Will counties.

“We are very pleased to have the opportunity to welcome clients of the former Integra branches and it is our intention to serve our new clients with the high level of service that First Midwest Bank has come to be recognized for,” said Michael L. Scudder, First Midwest Bank chairman and chief executive officer. “First Midwest is the community bank of choice for more than one quarter million families and twenty five thousand businesses in the greater Chicagoland area and I want to assure our new clients that their deposits and business affairs are in strong and trusted hands.”

The branch building acquired in the transaction is located at 2320 S. Route 59 in Plainfield. New clients can access their accounts at this new location or at any branch within First Midwest’s extensive branch network of approximately 100 locations.