(Source: Datamonitor)
First Midwest Bank, the wholly owned subsidiary of US-based First Midwest Bancorp, has announced that, in conjunction with its existing reverse mortgage business, the bank is introducing first mortgages, which will provide traditional home mortgages and re-financing for home owners.
First Midwest Bank said that with the addition of first mortgages, the bank will once again feature a comprehensive offering of mortgage options.
Janet Viano, group president of retail banking, said: "During these challenging economic times and beyond, we are wholly committed to investing in our clients and helping them achieve financial success through the appropriate and smart use of credit for a home purchase, loan re-finance or debt consolidation.
"First Midwest Bank is a strong and trusted community bank. We continue to offer a full range of borrowing options. The launch of this program underscores our willingness to lend."
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