|Photo credit: Rick Baer|
According to Crain's, Bridgeview Bank might soon be First Midwest Bank.
In an article today, Crain's says:
"First Midwest Bancorp is in advanced discussions to acquire the parent of Bridgeview Bank Group, a deal that would strengthen suburban-oriented First Midwest in the city of Chicago.Bridgeview has been a good neighbor in Uptown, putting multiple millions of dollars into a three-year restoration of the one-time Sheridan Trust & Savings Bank building at 4753 North Broadway.
A deal, if it's finalized, is likely to be announced within days, sources said.
Bridgeview Bank, best known perhaps by the striking 12-story terra cotta building in Uptown that dates back nearly a century, has nearly $1.3 billion in assets. It operates 14 branches, including some choice North Side locations in Edgewater, Lincoln Park and Lincoln Square, as well as Uptown."
We'll stay tuned and see what happens.
Update: Well, that didn't take long. On Thursday, December 6th, the acquisition was announced. Click here to read the press release.