First Midwest Bancorp

  www.firstmidwest.com
  www.firstmidwest.com
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First Midwest Bancorp Reviews

Updated May 8, 2014
Updated May 8, 2014
24 Reviews
2.8
24 Reviews
Rating Trends

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Approve of CEO
First Midwest Bancorp President, CEO, and Director Michael L. Scudder
Michael L. Scudder
14 Ratings

Employee Reviews

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  1.  

    Good career growth potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Midwest Bancorp full-time for more than 5 years

    Pros

    There is good work life balance, career growth potential, good co-workers and executive management.

    Cons

    I don't see many cons in my opinion as the company does a good job

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    The Toyota of Chicago banks - dependable, excellent value, uninspiring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Commercial Banking Officer
    Former Employee - Commercial Banking Officer

    I worked at First Midwest Bancorp full-time for more than 5 years

    Pros

    Support and knowledge of senior management is excellent. Bank has a top-notch benefits program. 401k plan offers profit sharing and an excellent mix of investment options. Employees have access to an above average training department. Company's realistic goals promote work/life balance.

    Cons

    Unfortunately bonuses are below industry average. Company follows the market and is definitely not an innovator. No brand recognition outside of southwest suburban market. Finally, unattractive branch offices.

    Advice to ManagementAdvice

    Embrace technology, invest in a marketing strategy, update appearance of current locations and allow employees horizontal mobility within the organization.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Work can be challenging and fulfilling. But old school thinking hinders processes and possible growth.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Midwest Bancorp full-time

    Pros

    Chicago Tribune Top Workplaces for three years in a row.

    Cons

    Technology for employees is behind the times.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    It's not a top 25 workplace (Chicago Tribune) for no reason...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing Decision Support Analyst  in  Itasca, IL
    Current Employee - Marketing Decision Support Analyst in Itasca, IL

    I have been working at First Midwest Bancorp full-time for more than 5 years

    Pros

    -Rewarded for growth and performance
    -Obtainable promotions and value continued learning
    -Some great management throughout.
    -Small business feel
    -Many staff have been with company for a long time
    -Strong bank in the face of economic hardship
    -Focused on growth and advancement in the market

    Cons

    -Recent restructuring leave several areas in an area of uncertainty.
    -Some "old school" thinking and executive leadership (beginning to change a bit)

    Advice to ManagementAdvice

    Keep doing what you're doing to further the company and the brand but don't lose sight of what makes First Midwest the choice for it's clients... the valued, tenured staff.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    First Midwest is a great Chicagoland Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Midwest Bancorp

    Pros

    Supportive of employees and management does not get in the way. You are given the authority and responsibility to meet the needs of your clients.

    Cons

    Due to the size there is somewhat limited growth opportunities.

    Advice to ManagementAdvice

    Keep growing the banks footprint

  7.  

    Great place to work at

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Credit Analyst Intern  in  Deerfield, IL
    Former Employee - Credit Analyst Intern in Deerfield, IL

    I worked at First Midwest Bancorp

    Pros

    Opportunity to move advance
    Great work/life balance

    Cons

    Compensation is less than other similar jobs

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
  8. 1 person found this helpful  

    Ok Wish they worked with student schedule

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller II
    Current Employee - Teller II

    I have been working at First Midwest Bancorp

    Pros

    Good raises to begin with, loved my office, learned a lot about the field and how to be professional in an office setting.

    Cons

    Wouldn't work with me when I relocated. No other branch would accept my school schedule. After a year or so raises became smaller and smaller.

    Advice to ManagementAdvice

    Don't worry about product pushing as much as servicing the customer with their transaction. Work with your employees when they wish to stay within the company.

    Recommends
    No opinion of CEO
  9.  

    Not the worst place to work, but not the best either

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Position Within the Corporate Office  in  Itasca, IL
    Current Employee - Position Within the Corporate Office in Itasca, IL

    I have been working at First Midwest Bancorp

    Pros

    Workplace flexibility is something that many take advantage of, depending on the position (i.e. telecommuting, flexible hours). Benefits (i.e. Health/dental/vision) are available to both FT and PT employees. Option to buy/sell vacation.

    Cons

    Benefits are expensive compared to other comparable companies, especially for PT employees. Paid holidays are the bare minimum (6/year). Pay is lower than similar banks in the area. 401K matching is not very generous. Vacation time does not roll over year to year. Opportunities for advancement are not readily available if working within the Operations sector.

    Advice to ManagementAdvice

    Increase the 401K match amount to promote more participation and attract employees to save more. Offer more paid holidays. Open more branches/offices directly west of Itasca (in DuPage/Kane counties).

    Approves of CEO
  10.  

    I'm proud to be a First Midwest employee.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Midwest Bancorp

    Pros

    First Midwest is a very well-run company, especially in comparison to most other banks our size in our market area. Senior management is good at communicating what's happening with the company at large, on a regular basis. It's great to be able to go out into our community and declare that while other banks are pulling back, we're still open for business, and committed to meeting the financial needs of our clients while seeking out new clients.

    Cons

    In a few instances, promotions seem to have been based on factors other than the employee's own merit. More competent, but less vocal, candidates for promotions tend to be overlooked.

    Advice to ManagementAdvice

    Keep up the good work in communicating our message to the investing public and the employees. It would be great to see more exposure for FMB in the general market, like some of our competitors.

    Recommends
    Approves of CEO
  11.  

    Good Place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Personal Banker  in  Highland, IN
    Current Employee - Personal Banker in Highland, IN

    I have been working at First Midwest Bancorp

    Pros

    I enjoy working for First Midwest Bank because there are many opportunities to grow. For example, they offer many training classes through their "university" in which you can improve skills on products, sales, and even communication at no cost. Furthermore, there are opportunities to move up the corporate ladder here and I have always been encourage my management to continue to grow.

    Cons

    One of the downsides I would say is compensation. I think the pay is lower than some other banks but compensation for sales goals and health benefits make up for the factor.

    Advice to ManagementAdvice

    Keep up the good work and I would hope you will continue to expand and grow because I would like to see more exposure of First Midwest Bank. I think one of problems is people are not aware of who we are and what we represent as a bank. I think through increasing marketing and expansion First Midwest Bank can continue to be a community bank for more individuals.

    Recommends
    Approves of CEO

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