Park Bank: First Midwest Bancorp Completes Acquisition of Park Bank

CHICAGO, March 10, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. ("First Midwest"), the holding company of First Midwest Bank, today announced that it has completed its acquisition of Bankmanagers Corp. and its wholly owned subsidiary, Park Bank.Founded in 1915, Park Bank is one of the largest independent commercial banks in the Milwaukee, Wisconsin market. As of December 31, 2019, Park Bank had approximately $1.1 billion of assets, $1.0 billion of deposits, of which 87% are core deposits, and $720 million of loans. Dave Werner will continue as President and CEO of Park Bank and will now lead the Milwaukee and southeast Wisconsin market for First Midwest."We are very excited about our partnership with Park Bank and welcome our newest clients and colleagues to First Midwest," said Michael L. Scudder, Chairman and Chief Executive Officer of First Midwest. "We have been expanding our existing presence in southeast Wisconsin, and ...Full story available on Benzinga.com