First Midwest Bank closures to include Crest Hill branch
First Midwest Bank is going to close its Crest Hill branch on Weber Road.
The company’s decision is part of a “delivering excellence initiative” aimed at better aligning its customer needs, technology and processes with its evolving client expectations.
“As a growing company built on client relationships and service, ‘Delivering Excellence’ is a natural progression,” said Michael L. Scudder, Chairman, President and Chief Executive Officer of the company. “As our clients’ preferences and industry continue to evolve amid technological and digital advancement, it is incumbent upon us to align our business and resources to provide our clients with the superior experience they have come to expect from First Midwest, solidifying our competitive advantage.”
First Midwest Bank first announced its intent to close 19 locations in May. At the time, the company reported its intent to reduce its workforce by 7 percent.
The closing of the Crest Hill branch is the only one to occur in Will County.
Jim Stadler, executive vice president and chief marketing & communications officer for First Midwest Bank, said he is “not at liberty” to discuss details on what, if any, incentives employees may be extended to relocate within the company upon closure of the Crest Hill branch.
First Midwest Bank has four branches in Joliet.
Closures are anticipated to take place in the third and fourth quarters of 2018.
First Midwest Bank will have 110 branches operating by the year’s end, according to the company. It is expected to remain the ninth largest market in the Chicago market.