First Midwest Bank Rates & Review

First Midwest Bank review

First Midwest Bank began its life as Union National Bank and Trust Company of Joliet immediately following the financial devastation of The Great Depression. It was renamed First Midwest Bank in the 1980s. It now has over five dozen branch offices throughout Illinois, Indiana and Iowa as of 2010. It is headquartered in Itasca, Illinois just west of Chicago O'Hare Airport.

Personal banking

First Midwest Bank offers personal banking solutions in four categories:

1. Spending: The bank's checking account tool helps customers select desired services for a personalized account. For example, customers can choose between a free no-interest checking account and a low-fee interest-earning checking account. Other spending solutions include debit, credit and gift cards, overdraft protection and discounted online shopping.
2. Saving: This bank offers two savings account options. One is a statement savings account and the other is a high interest savings account. Other products include a CD, money market account, IRA, health savings account, investment account and electronic transfer account.
3. Borrowing: First Midwest Bank offers mortgages, reverse mortgages, home equity loans and lines of credit, auto loans and specialty loans.
4. Planning: This bank offers investment and insurance information, financial planning advice and integrated long-term banking solutions.

Business banking with First Midwest Bank

The bank's business banking opportunities are divided into small business and commercial planning. Each of these is presented in the same four categories as personal banking. Other services include employee benefits, cash flow management and accounting assistance.

Awards and achievements

First Midwest Bank has received awards for services to both customers and employees. In 2004 they were given the Illinois Bank Community Service Award. They were also named one of the 25 best places to work in Chicago by Chicago magazine.