First Midwest Bank Closing 2 Chicago Branches

CHICAGO, IL — Two First Midwest Bank branches in Chicago are among the 19 locations the financial institution will be closing in Illinois and Indiana this year. The bank, 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 Chicago locations would be closing. The Near North Side branch at 1 E. Erie St., and the Buena Park neighborhood branch at 836 W. Irving Park Road both will be shutting down by the end of the year.

RELATED: 19 First Midwest Bank Branches Closing

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 the Chicago branches, the bank also will be closing locations in the following Illinois communities, according to the Tribune:

• Arlington Heights (two branches, but Stadler did not say which of the village's three locations would close)
• Calumet City
• 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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