Peoples Bancorp Inc. to Merge with First Midwest Bancorp Inc.
The Barack Ferrazzano Financial Institutions Group acted as legal counsel for Peoples Bancorp Inc., headquartered in Arlington Heights, Illinois, in the merger agreement with First Midwest Bancorp Inc. (NASDAQ:FMBI). By acquiring Peoples' Bank of Arlington Heights, First Midwest continues its expansion into the northwest suburban Chicago markets. Barack Ferrazzano's legal team was led by Dennis R. Wendte and William C. Fay, along with Jacob H. Marshall, Donald L. Norman and Andrew K. Strimaitis.
Peoples Bank operates two banking offices and has approximately $95 million in deposits, and $57 million in loans. Its offices are located in Arlington Heights, a desirable suburban market, and are operated with a solid team of community bankers.
Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled-over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to SNL Financial. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2015 report.