Key Developments For First Midwest Bancorp, Inc.
First Midwest Bancorp, Inc. (FMBI.O) (Nasdaq)
First Midwest Bancorp, Inc. Announces Final Exchange Ratios For Subordinated Debt Exchange Offer And Separate Capital
First Midwest Bancorp, Inc. announced the final exchange ratios for its previously announced offer to exchange the Company's 5.85% Subordinated Notes due 2016 (the Notes) for newly issued shares of common stock of the Company and its separate previously announced offer to exchange the 6.95% Capital Securities (the Capital Securities) issued by First Midwest Capital Trust I for newly issued shares of common stock of the Company. The total number of shares of common stock issuable for each $1,000 principal amount of the Notes accepted will be 88 for Notes tendered during the early tender period (and not subsequently withdrawn) and 83 for Notes tendered during the final tender period (and not subsequently withdrawn). The total number of shares of common stock issuable for each $1,000 liquidation amount of the Capital Securities accepted will be 78 for Capital Securities tendered during the early tender period (and not subsequently withdrawn) and 73 for Capital Securities tendered during the final tender period (and not subsequently withdrawn). The Company will issue no more than 4,500,000 shares of common stock in the Notes exchange offer and no more than 7,500,000 shares of common stock in the Capital Securities exchange offer, and will separately prorate the securities that it accepts in each exchange offer as necessary to remain within these limits, as described in the respective Offering Memorandum for each exchange offer.
First Midwest Bancorp, Inc. Updates On Offer To Exchange Shares For Subordinated Notes Due 2016
First Midwest Bancorp, Inc. announced that it has amended its previously announced offer to exchange (the Exchange) shares of the Company's common stock for the Company's 5.85% Subordinated Notes due 2016 (the Notes). The amendment increases the maximum number of shares of the Company's common stock that may be issued in the Exchange from 3.5 million shares to 4.5 million shares. All other terms of the Exchange remain unchanged. The Exchange will still expire at 11:59 p.m., New York City time, on September 24, 2009. The early tender period for the exchange expired at 5:00 p.m., New York City time, on September 10, 2009, and is not being extended.
First Midwest Bancorp, Inc. Declares Third Quarter Dividend of $0.01 per Share
First Midwest Bancorp, Inc. announced that the Board of Directors have declared a quarterly common stock dividend of $0.01 per share, payable October 20, 2009, to shareholders of record on September 25, 2009.
First Midwest Bancorp, Inc. Declares Second Quarter Dividend Of $0.01 Per Share
First Midwest Bancorp, Inc. announced that its Board of Directors has declared a quarterly common stock dividend of $0.01 per share, payable on July 14, 2009 to shareholders of record on June 26, 2009.
First Midwest Bancorp, Inc. Declares Quarterly Dividend of $0.01 Per Share
First Midwest Bancorp, Inc. announced that the Board of Directors has declared a quarterly common stock dividend of $0.01 per share, payable April 14, 2009 to shareholders of record on March 27, 2009.
