ITASCA, IL, Aug. 31, 2009 (Marketwire) --

ITASCA, IL -- (Marketwire) -- 08/31/09 -- First Midwest Bancorp, Inc. (the "Company" or "First Midwest") (NASDAQ: FMBI), the holding company of First Midwest Bank, today announced that the Board of Directors has declared a quarterly common stock dividend of $0.01 per share, payable Tuesday, October 20, 2009 to shareholders of record on Friday, September 25, 2009.

First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of both business and retail banking and trust and investment management services through some 100 offices located in 62 communities, primarily in metropolitan Chicago. First Midwest was recently recognized with an Alfred P. Sloan Award for Business Excellence in Workforce Flexibility in the greater Chicago area.