Business & Tech

First Midwest Bank Closing 2 Arlington Heights Branches

The branches are among the 19 locations in Illinois and Indiana that the bank will shut down by the end of the year.

ARLINGTON HEIGHTS, IL — Two First Midwest Bank branches in Arlington Heights are among the 19 locations it will be closing in Illinois and Indiana this year. The financial institution, which is headquartered in Itasca, announced last month it was shuttering branches and reducing its workforce by 7 percent as part of a "delivering excellence" initiative.

James Stadler, First Midwest's chief marketing and communications officer, told the Chicago Tribune on Wednesday that two of its locations in Arlington Heights would be closing. But he didn't reveal which of the village's three branches would be shutting down.

RELATED: 19 First Midwest Bank Branches Closing

Find out what's happening in Arlington Heightsfor free with the latest updates from Patch.

First Midwest Bank's current locations in Arlington Heights are at:

  • 1104 South Arlington Heights Road
  • 41 South Vail Ave.
  • 1434 North Rand Road

Along with Arlington Heights, the bank also will be closing locations in the following Illinois communities, according to the Tribune:

Find out what's happening in Arlington Heightsfor free with the latest updates from Patch.

  • Calumet City
  • Chicago (1 E. Erie St., on the Near North Side; and 836 W. Irving Park Road, in Buena Park)
  • Crest Hill
  • Crystal Lake
  • DeKalb
  • Lakehurst
  • Leland
  • Matteson
  • Moline
  • Naperville
  • Park Forest
  • Serena

First Midwest also will close four branches in Indiana. Those include locations in Chesterton, East Chicago, Gary and Lowell, the Tribune reports.

The closings will leave First Midwest with 110 branch locations, the ninth-most of any financial institution in the Chicago market. The bank's cuts will mean the loss of around 150 jobs. Half of those positions are expected to come through attrition, with the remaining cuts being done through layoffs.

More via the Chicago Tribune


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