latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/first-midwest-bancorp-completes-acquisition-of-bankmanagers-park-bank-57507773 content esgSubNav
In This List

First Midwest Bancorp completes acquisition of Bankmanagers, Park Bank

Blog

Banking Essentials Newsletter: September 18th Edition

Loan Platforms: Securing settlement instructions and prioritising the user experience

Blog

Navigating the New Canadian Derivatives Landscape: Key Changes and Compliance Steps for 2025

Blog

Getting an Edge with Services: Driving optimization by embracing technological innovation


First Midwest Bancorp completes acquisition of Bankmanagers, Park Bank

Chicago-based First Midwest Bancorp Inc. has completed its acquisition of Milwaukee-based Bankmanagers Corp. and commercial bank unit Park Bank.

Dave Werner will continue to serve as Park Bank's president and CEO. He will also lead First Midwest Bancorp's Milwaukee and southeast Wisconsin market.

The deal enabled First Midwest Bancorp to have about 110 staff and five locations in southeast Wisconsin.

First Midwest Bancorp had total assets of $17.85 billion as of Dec. 31, 2019, according to S&P Global Market Intelligence data. As of Dec. 31, 2019, Park Bank had about $1.1 billion of assets, $1.0 billion of deposits and $720 million of loans, according to a news release.