FMBI - First Midwest Bancorp readies branch consolidations for 2021

First Midwest Bancorp (FMBI) announces plans to optimize retail branch network with the lobbies of 23 branches set to re-open by the end of this year, closed due to the COVID-19 pandemic. The bank also plans to consolidate 17 branches, or approximately 15% of its branch network in early 2021.Chicagoland will remain its one of the largest branch distribution network areas, serving clients from 105 locations.The bank says "The branch consolidations will have minimal impact on market coverage for First Midwest clients. Nearly all locations are within close proximity of another First Midwest branch, and approximately half have been closed over the past six months due to the pandemic."Stock down 2.55% PM.

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First Midwest Bancorp readies branch consolidations for 2021