First Midwest Bancorp, Inc. Acquires Standard Bancshares, Inc.January 6, 2017
S&C client First Midwest Bancorp, Inc., the parent company of First Midwest Bank, completed its acquisition of Standard Bancshares, Inc., the holding company for Standard Bank and Trust Company. As a result of the merger, First Midwest has acquired Standard Bank and Trust Company as a wholly owned subsidiary until its merger into First Midwest Bank.
First Midwest is a relationship-based financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in the Midwest, with approximately $14 billion in assets and over $8.5 billion in trust assets under management. First Midwest's principal subsidiary, First Midwest Bank, and other affiliates provide a full range of commercial, retail, wealth management, trust and private banking products and services through over 130 locations in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa.
The S&C team on this transaction was led by Mark Menting, along with Regina Sorin and T'Shae Sherman. Stephen Lam advised on bank regulatory matters; Rebecca Coccaro and Michael A. Wiseman advised on executive compensation and benefits matters; and Ronald Creamer and Dana Brodsky advised on tax matters.