Business & Tech

First Midwest Bank Closing Matteson, Park Forest Branches

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

First Midwest Bank branches in Matteson and Park Forest 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 its locations in Matteson — and Park Forest — 2 Main St. — would be closing.

RELATED: 19 First Midwest Bank Branches Closing

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

Along with those two 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
  • 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
  • Moline
  • Naperville
  • Serena

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

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

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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