Contact Information: CONTACT: Andrea L. Stangl Assistant Corporate Secretary (630) 875-7463 www.firstmidwest.com First Midwest Bancorp, Inc. One Pierce Place, Suite 1500 Itasca, Illinois 60143-9768 (630) 875-7450
First Midwest Bancorp, Inc. Declares Second Quarter Dividend
| Source: First Midwest Bancorp, Inc.
ITASCA, IL--(Marketwire - May 28, 2008) - First Midwest Bancorp, Inc. ("First Midwest")
(NASDAQ : FMBI ) today announced the declaration of a quarterly cash dividend
on its common stock of $0.31 per share. The quarterly cash dividend will
be payable on Tuesday, July 15, 2008 to stockholders of record as of the
close of business on Friday, June 27, 2008 and represents the 102nd
consecutive quarterly dividend distribution since the Company's formation
in 1983.
This dividend annualized, represents a dividend yield of approximately 5%
given the current market price of First Midwest stock. First Midwest is
included in the Dow Jones U.S. Select Dividend Index which tracks the top
100 highest dividend paying U.S. companies derived from the Dow Jones U.S.
Index, which covers roughly 95% of U.S. market capitalization. First
Midwest has increased its dividend 17 times in 15 years.
First Midwest is the premier relationship-based banking franchise in the
growing Chicagoland banking market. As one of the Chicago metropolitan
area's largest independent bank holding companies, First Midwest provides
the full range of both business and retail banking and trust and investment
management services through 102 offices located in 63 communities,
primarily in metropolitan Chicago. First Midwest was recently recognized
by the Alfred P. Sloan Awards for Business Excellence in Workforce
Flexibility in the greater Chicago Area.