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First Midwest Stockholders Approve Merger with Old National

September 17, 2021, 07:00 AM
Filed Under: Mergers & Acquisitions

First Midwest Bancorp, Inc. announced its stockholders have overwhelmingly approved the proposed merger between First Midwest and Old National Bancorp, which was announced June 1. At First Midwest’s stockholder meeting, approximately 99 percent of the votes cast voted in favor of the merger.

“Our partnership with Old National is, at its core, a growth strategy that will put us in an even stronger position to invest, grow and innovate in talent, capabilities and services across our combined footprint,” said Michael L. Scudder, Chairman and CEO of First Midwest. “We are very pleased our stockholders also see the value that this partnership will bring to our clients, colleagues and communities and in driving long-term stockholder value.”

Completion of the merger remains subject to regulatory approval by the Board of Governors of the Federal Reserve System and satisfaction of the other customary closing conditions set forth in the merger agreement between the First Midwest and Old National. The Office of the Comptroller of the Currency has approved the application for the merger of First Midwest and Old National.

The merger remains on track for an expected closing in the fourth quarter of 2021

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