First Midwest Bank Closing Crystal Lake Branch

CRYSTAL LAKE, IL — The Crystal Lake branch of First Midwest Bank is 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 the Crystal Lake location at 170 North Route 31 would be closing.

RELATED: 19 First Midwest Bank Branches Closing

Along with Crystal Lake, 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
• Chicago (1 E. Erie St., on the Near North Side; and 836 W. Irving Park Road, in Buena Park)
• Crest Hill
• 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.

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