press releases · November 9, 2016
Press Release
November 10, 2016
Federal Reserve Board announces approval of application by First Midwest Bancorp, Inc.
For release at 12:15 p.m. EST
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The Federal Reserve Board on November 10, 2016, announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Midwest Bancorp, Inc., Itasca, Illinois, to merge with Standard Bancshares, Inc. and thereby indirectly acquire Standard Bank and Trust Company ("SB&T"), both of Hickory Hills, Illinois. The Board also approved applications under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by First Midwest Bank, Itasca, Illinois, to merge with SB&T and to establish and operate branches at the locations of SB&T's main office and branches.
Attached is the Board's order relating to this action.
For media inquiries, call 202-452-2955.
Attachment (PDF)
Board Votes
Cite this document
APA
Federal Reserve (2016, November 9). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20161110_federal_reserve_board_announces_approval_of
BibTeX
@misc{wtfs_press_release_20161110_federal_reserve_board_announces_approval_of,
author = {Federal Reserve},
title = {Press Release},
year = {2016},
month = {Nov},
howpublished = {Press Releases, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/press_release_20161110_federal_reserve_board_announces_approval_of},
note = {Retrieved via When the Fed Speaks corpus}
}