First Midwest Bancorp, Inc. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor And Fairness Opinion

First Midwest Bancorp, Inc.

$145.0 Million 12/06/2018 Depository Complete
Lead Bankers: Jim Hemmer, Adam Cunningham
Public Companies
Show Tombstone

Transaction Details

  • On December 6, 2018 — First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ NGS: FMBI) announced that it has entered into a definitive agreement to acquire Bridgeview Bancorp, Inc. (“Bridgeview”), the holding company for Bridgeview Bank Group
  • The merger agreement provides for a fixed exchange ratio of 0.2767 shares of First Midwest common stock, plus $1.79 in cash for each share of Bridgeview common stock, with an overall transaction value of approximately $145.0 million, subject to certain adjustments
  • This merger will expand First Midwest’s Chicagoland presence in attractive Cook, DuPage, Kendall, Lake and Will County marketplaces
  • Desirable locations within City of Chicago
  • DuPage, Kendall, Lake and Will are ranked as the top 4 counties in Illinois based on median household income
  • The merger is expected to be completed in the second quarter of 2019(1)
Sources: Company filings, SNL Financial and publicly available information.
  1. (1)Subject to approval by bank regulatory authorities and the shareholders of Bridgeview.

    (2)All transaction multiples referenced herein per public filings related to the transaction dated December 6, 2018.

    (3)Based on FMBI’s closing stock price as of December 4, 2018.

    (4)Financial impact of FMBI at estimated closing (EPS accretion excludes one-time deal related charges).

    (5)Bridgeview highlights per Investor Presentation dated December 6, 2018.

    This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.