Featured Savings Rates
Featured Accounts

First Midwest Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.82%5-year CD60 Month CD
0.10%1-year CD12 Month CD
0.02%SavingsStatement Savings

Overview / Commentary
800-322-3623
1 Pierce Place, Suite 1500
Itasca, IL 60143

First Midwest Bank is headquartered in Itasca and is the 6th largest bank in the state of Illinois. It is also the 108th largest bank in the nation. It was established in 1933 and as of June of 2016, it had grown to 1,844 employees at 119 locations. First Midwest Bank has an A+ health rating.

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Reviews (2)

First Midwest Bank In Highland IN

Posted by: mafe | Nov 28, 2012

I have been waiting for a while to write this review. I never wrote a review before, but I think people need to know how they treat customers.

FMB took over Peotone Bank and Trust (PBT) a few years ago because it went bankrupt. Obviously PBT loaned to a lot of farmers and people in the Peotone area. We were told that they did not want to renew our loan because it was a farm loan (we are a boarding stable). The first question is why did they take over PBT in the first place if they cannot handle the type of loans that PBT had? They asked us to pay one of their appraisers over $3000 to appraise our property just for one year extension loan. We found appraisers that would do it for less but it would not be acceptable for them. Anyway we finally had luck and found First Farm Credit Services who were willing to renew our loan at an excellent rate and for a lower appraisal fee ($150).

In addition they paid the property taxes on our house instead of the farm from our farm escrow account, not once but twice! Also, they miscalculated the monthly payment on our escrow account which means that after 1 year we had to send a big sum of money to fill the gap. A calculation that a fifth grader can do! I also sent additional money to our escrow account which never ended up there but to the principal account (how hard it is to read on the return slip "money for escrow account"?

If we would not have been able to refinance our loan with First Farm Credit Services, we would have lost our business for sure. We are running a successful business, so I am not sure what is the issue with them? If they cannot loan to people like us, how can they loan to people who really struggle and need to refinance. Instead they try to put your head down in the water as deep as they can. Shame on them!

TOO MANY "TECHNICAL" GLITCHES

Posted by: johnnycage | Aug 9, 2012

I've tried to open a checking account with First Midwest Bank four times (all online).  Each time, the application fails, due to some "technical error."

The bank says it's aware of the problem, but can't provide a date of resolution.

My guess is that the "technical errors" will magically disappear, right after the $100 promotion ends.

 



Health
A+

Health Grade Components

Overall
FDIC Certificate #3709
Year Established1933
Employees1844
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD8.78%
Annual Interest Income$183.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$10.87B$9.74B
LoansQ2 2016vs Q2 2015$7.92B$6.79B
DepositsQ2 2016vs Q2 2015$9.05B$8.32B
Equity CapitalQ2 2016vs Q2 2015$1.25B$1.13B
Loan Loss AllowanceQ2 2016vs Q2 2015$80.1MM$71.5MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$40.6MM$48.6MM
Real Estate OwnedQ2 2016vs Q2 2015$24.4MM$18.4MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Midwest Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$10k*-Health Savings
OTHER TIERS: 0.01% Up to $500 | 0.08% $500 - $1k | 0.20% $1k - $2,500 | 0.35% $2,500 - $10k
0.15%*$100k*-Diamond Savings
OTHER TIERS: 0.03% Up to $2,500 | 0.05% $2,500 - $25k | 0.08% $25k - $50k | 0.10% $50k - $100k
0.13%*$100k*-Investor Reserve Savings
OTHER TIERS: 0.03% Up to $2,500 | 0.04% $2,500 - $25k | 0.06% $25k - $50k | 0.08% $50k - $100k
0.02%--Statement Savings
0.02%--Business Statement Savings

First Midwest Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-IRA Money Market
OTHER TIERS: 0.05% $1k - $25k | 0.10% $25k - $50k
0.15%*$100k*-Diamond Money Market
OTHER TIERS: 0.03% Up to $2,500 | 0.05% $2,500 - $25k | 0.08% $25k - $50k | 0.10% $50k - $100k
0.10%*$100k*-Business Premier Money Market
OTHER TIERS: 0.03% Up to $50k | 0.05% $50k - $75k | 0.08% $75k - $100k
0.08%*$100k*-Premier Money Market
OTHER TIERS: 0.03% Up to $2,500 | 0.04% $2,500 - $25k | 0.05% $25k - $50k | 0.06% $50k - $100k
0.03%--Money Market
0.03%--Business Money Market

First Midwest Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%*$100k*-Diamond Checking
OTHER TIERS: 0.01% Up to $10k | 0.03% $10k - $25k | 0.05% $25k - $50k | 0.06% $50k - $100k
0.03%*$25k*-Midwest Checking
OTHER TIERS: 0.01% Up to $10k | 0.02% $10k - $25k
0.01%--Business Checking with Interest

First Midwest Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.82%*$100k*-60 Month CD
OTHER TIERS: 0.76% $1k - $25k | 0.78% $25k - $50k | 0.80% $50k - $100k
0.82%*$100k*-Business 60 Month CD
OTHER TIERS: 0.76% $1k - $25k | 0.78% $25k - $50k | 0.80% $50k - $100k
0.52%*$100k*-48 Month CD
OTHER TIERS: 0.46% $1k - $25k | 0.48% $25k - $50k | 0.50% $50k - $100k
0.52%*$100k*-Business 48 Month CD
OTHER TIERS: 0.46% $1k - $25k | 0.48% $25k - $50k | 0.50% $50k - $100k
0.32%*$100k*-Business 36 Month CD
OTHER TIERS: 0.26% $1k - $25k | 0.28% $25k - $50k | 0.30% $50k - $100k
0.22%*$100k*-36 Month CD
OTHER TIERS: 0.16% $1k - $25k | 0.18% $25k - $50k | 0.20% $50k - $100k
0.22%*$100k*-Business 24 Month CD
OTHER TIERS: 0.15% $1k - $25k | 0.18% $25k - $50k | 0.20% $50k - $100k
0.17%*$100k*-24 Month CD
OTHER TIERS: 0.12% $1k - $25k | 0.13% $25k - $50k | 0.15% $50k - $100k
0.17%*$100k*-Business 18 Month CD
OTHER TIERS: 0.11% $1k - $25k | 0.13% $25k - $50k | 0.15% $50k - $100k
0.13%*$100k*-18 Month CD
OTHER TIERS: 0.07% $1k - $25k | 0.09% $25k - $50k | 0.11% $50k - $100k
0.12%*$100k*-Business 12 Month CD
OTHER TIERS: 0.06% $1k - $25k | 0.08% $25k - $50k | 0.10% $50k - $100k
0.11%*$100k*-Business 9 Month CD
OTHER TIERS: 0.05% $1k - $25k | 0.07% $25k - $50k | 0.09% $50k - $100k
0.10%*$100k*-9 Month CD
OTHER TIERS: 0.04% $1k - $25k | 0.06% $25k - $50k | 0.08% $50k - $100k
0.10%*$100k*-12 Month CD
OTHER TIERS: 0.04% $1k - $25k | 0.06% $25k - $50k | 0.08% $50k - $100k
0.10%*$100k*-Business 6 Month CD
OTHER TIERS: 0.04% $1k - $25k | 0.06% $25k - $50k | 0.08% $50k - $100k
0.09%*$100k*-6 Month CD
OTHER TIERS: 0.03% $1k - $25k | 0.05% $25k - $50k | 0.07% $50k - $100k
0.09%*$100k*-Business 3 Month CD
OTHER TIERS: 0.02% $1k - $25k | 0.05% $25k - $50k | 0.07% $50k - $100k
0.08%*$100k*-3 Month CD
OTHER TIERS: 0.02% $1k - $25k | 0.04% $25k - $50k | 0.06% $50k - $100k

First Midwest Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.82%*$100k*-60 Month IRA
OTHER TIERS: 0.76% $500 - $25k | 0.78% $25k - $50k | 0.80% $50k - $100k
0.52%*$100k*-48 Month IRA
OTHER TIERS: 0.46% $500 - $25k | 0.48% $25k - $50k | 0.50% $50k - $100k
0.22%*$100k*-36 Month IRA
OTHER TIERS: 0.16% $500 - $25k | 0.18% $25k - $50k | 0.20% $50k - $100k
0.17%*$100k*-24 Month IRA
OTHER TIERS: 0.12% $500 - $25k | 0.13% $25k - $50k | 0.15% $50k - $100k
0.13%*$100k*-18 Month IRA
OTHER TIERS: 0.07% $500 - $25k | 0.09% $25k - $50k | 0.11% $50k - $100k
0.10%*$100k*-12 Month IRA
OTHER TIERS: 0.04% $500 - $25k | 0.06% $25k - $50k | 0.08% $50k - $100k
0.10%*$100k*-9 Month IRA
OTHER TIERS: 0.04% $500 - $25k | 0.06% $25k - $50k | 0.08% $50k - $100k
0.09%*$100k*-6 Month IRA
OTHER TIERS: 0.03% $500 - $25k | 0.05% $25k - $50k | 0.07% $50k - $100k
Locations

First Midwest Bank has 114 locations. Click to view all First Midwest Bank locations.