# First Midwest Bank

First Midwest Bank is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1834
- **Assets under management:** Undisclosed
- **Website:** www.firstmidwest.com
- **LinkedIn:** https://www.linkedin.com/company/old-national-bank

## Regulatory record

- **Reports private funds:** No

## About

We’re your community bank for savings accounts, checking, mortgages, HELOCs, personal & auto loans and wealth management. Enjoy our top-tier financial services.

## Sectors

- Wealth Management
- Private Credit
- Real Estate

## Questions

### What happened to First Midwest Bank's asset management and wealth division?

First Midwest Bank merged with Old National Bancorp in 2022. The combined entity now operates all wealth management, trust, and private banking services through the Old National brand. Client accounts are custodied on LPL Financial's platform and accessed via Client Point or LPL's WealthVision. Old National does not break out legacy First Midwest AUM or client counts separately in its public reporting, so the division's scale is not independently observable.

### Who actually manages investment decisions for the combined wealth platform?

The firm does not publicly identify a named CIO or head of investment strategy for the wealth management division. User-facing client portals are branded under LPL Financial. Old National's most recent proxy statements and investor materials list executive-level leadership for banking and treasury operations, but not a dedicated investment-policy lead for wealth assets.

### What sectors or asset classes does the legacy First Midwest bank prioritize in its lending?

The combined Old National balance sheet prioritizes three lending sectors tied directly to its Midwestern geography: commercial real estate, middle-market commercial and industrial loans, and residential mortgages. In March 2026 the bank was marketing introductory-rate HELOCs tied to Wall Street Journal prime, underscoring its ongoing appetite for prime residential credit.

## Related profiles

- [First Georgetown Securities](https://altss.com/profile/first-georgetown-securities-inc)
- [First Security Capital](https://altss.com/profile/first-security-capital-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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