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Stock Market & Financial Investment News

News Breaks
July 8, 2014
08:11 EDTFMBIFirst Midwest to acquire Great Lakes Bank
First Midwest Bancorp announced that it has entered into a definitive agreement to acquire south suburban Chicago-based Great Lakes Financial Resources, the holding company for Great Lakes Bank, National Association. The bank has approximately $490M in deposits, 96% of which represent core deposits, and $234M in loans. The merger consideration will be a combination of First Midwest stock and cash, with an overall transaction value of approximately $58M, subject to certain adjustments based on the stock price of First Midwest prior to the closing. The acquisition is subject to customary regulatory approvals, Great Lakes' stockholder approval as well as certain closing conditions, and is presently anticipated to close by the end of 2014.
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October 22, 2014
05:03 EDTFMBIFirst Midwest reports Q3 EPS ex-items 28c, consensus 26c
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