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FIRST MIDWEST INCREASES DIVIDEND 15 PERCENT

 NAPERVILLE, Ill., Feb. 17 /PRNewswire/ -- First Midwest Bancorp, Inc. (NASDAQ-NMS: FMBI) today announced a 15 percent increase in the quarterly dividend on its common stock.
 The new quarterly dividend of $0.15 per share, $0.02 greater than the previous $0.13 dividend, will be payable on April 5, 1993, to shareholders of record on March 25, 1993. The increased dividend indicates a new annual rate of $0.60 per share compared to the previous $0.52.
 Commenting on the increased dividend, First Midwest President and Chief Executive Officer Robert P. O'Meara said, "Today's action of the board is reflective of the company's improved overall performance and its substantial capital strength. It further is indicative of confidence in continued improvement and future prospects."
 Headquartered in suburban Chicago, First Midwest Bancorp, Inc. is Illinois' fourth largest publicly traded bank holding company. The $2.3 billion company offers commercial banking, investment advisory, fiduciary and related services through 45 banking offices in northern Illinois.
 -0- 2/17/93
 /CONTACT: James M. Roolf of First Midwest Bancorp, 708-778-8700/
 (FMBI)


CO: First Midwest Bancorp, Inc. ST: Illinois IN: FIN SU: DIV

WB -- NY079 -- 7350 02/17/93 12:44 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:195
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