 CHICAGO, July 27, 2020 GLOBE NEWSWIRE -- First Midwest Bancorp, Inc. the Company or First Midwest, today announced that its Board of Directors declared a quarterly cash dividend of 17.50 per share equivalent to 0.4375 per depositary share or 140th interest per share on First Midwests 7.000 Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A NASDAQ: FMBIP, issued on May 20, 2020, and 11.08 per share equivalent to 0.277 per depositary share or 140th interest per share on First Midwests 7.000 Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C NASDAQ: FMBIO, issued on June 24, 2020. The dividends are payable on August 20, 2020 to stockholders of record as of the close of business on August 5, 2020. About First MidwestFirst Midwest NASDAQ: FMBI is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately 21 billion of assets and an additional 13 billion of assets under management. First Midwest Bank and First Midwests other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. First Midwest operates branches and other locations throughout metropolitan Chicago, southeast Wisconsin, northwest Indiana, eastern Iowa and other markets in the Midwest. Visit First Midwest at Patrick S. BarrettMaurissa Kanter EVP, Chief Financial OfficerSVP, Director of Corporate Communications 708.831.7231708.831.7345 