8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 14, 2010

First Midwest Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-10967	36-3161078
(State or other jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One Pierce Place, Suite 1500, Itasca, Illinois	60143
(Address of principal executive offices)	(Zip Code)

(630) 875-7450

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

FIRST MIDWEST BANCORP, INC.

FORM 8-K

May 17, 2010

Item 7.01 Regulation FD Disclosure.

Itasca-based First Midwest Bancorp, Inc. has reaffirmed that its capital position significantly exceeds levels required to be considered “well capitalized” under current regulatory standards which is the highest capital rating category that a financial institution can attain. The press release relating to this statement is furnished and attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

99.1 First Midwest Press Release dated May 14, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	First Midwest Bancorp, Inc.
	(Registrant)
Date: May 17, 2010	/s/ CYNTHIA A. LANCE
	By: Cynthia A. Lance
	Executive Vice President and Corporate Secretary

EX-99.1

Exhibit 99.1

		News Release
	First Midwest Bancorp, Inc.	First Midwest Bancorp, Inc. One Pierce Place, Suite 1500 Itasca, Illinois 60143-9768 (630) 875-7450
FOR IMMEDIATE RELEASE	CONTACT:	Paul F. Clemens (Investors)
		EVP, Chief Financial Officer
		(630) 875-7347
		Brian J. O’Meara (Media)
		(630) 875-7260
TRADED:        NASDAQ Global Select Market		www.firstmidwest.com
SYMBOL:        FMBI

FIRST MIDWEST BANK REAFFIRMS STRONG CAPITAL POSITION

AND FOCUS ON GROWTH

ITASCA, IL, MAY 14, 2010 – (NASDAQ NGS: FMBI) Itasca-based First Midwest Bancorp, Inc. (First Midwest) today reaffirmed that its capital position significantly exceeds levels required to be considered “well capitalized” under current regulatory standards which is the highest capital rating category that a financial institution can attain.

“Our capital foundation is one the strongest in all of Chicagoland. It continues to serve as a significant business advantage, leaving us well positioned to pursue strategic opportunities to enhance our business,” said Michael Scudder, President and Chief Executive Officer of First Midwest. “Now more than ever, it is important to understand the distinction between banks that are struggling and a strong and trusted bank like First Midwest, focused on growing, lending money, and meeting the needs of our clients and communities when others can’t. That can mean a huge difference for business owners looking to capitalize on opportunities in times like this.”

The recent disruption in the marketplace caused by a number of bank failures such as Amcore Bank and Midwest Bank and Trust has been advantageous for First Midwest. On April 23, 2010 First Midwest Bank completed an acquisition of certain deposits and loans of the failed Peotone Bank and Trust Company in a transaction facilitated by the FDIC. This was the second such failed institution First Midwest Bank has acquired in the last seven months. The acquisition of First DuPage Bank located in Westmont, IL was completed on October 23, 2009.

“The strength of our capital foundation has allowed us to be strategically selective about how we participate in these FDIC opportunities,” added Scudder. “Whether we acquire a failed institution from the FDIC or not, the disruption in the marketplace created by these circumstances is beneficial to us. Businesses and individuals alike want to know that their bank has the strength to support their needs. First Midwest does just that.”

First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area’s largest independent bank holding companies, First Midwest provides the full range of both business and retail banking and trust and investment management services through some 100 offices located in 64 communities, primarily in metropolitan Chicago.

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