Federal Reserve Board announces approval of application by First Midwest Bancorp, Inc.

[kreslik.news]

The Federal Reserve Board on November 10, 2016, announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Midwest Bancorp, Inc., Itasca, Illinois, to merge with Standard Bancshares, Inc. and thereby indirectly acquire Standard Bank and Trust Company ("SB&T"), both of Hickory Hills, Illinois.  The Board also approved applications under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by First Midwest Bank, Itasca, Illinois, to merge with SB&T and to establish and operate branches at the locations of SB&T's main office ... (read more)