First Midwest buying Park Bank in Milwaukee

In the latest of its moves beefing up its presence in the Milwaukee market, Chicago-based First Midwest Bancorp is buying Park Bank for $195 million. Founded in 1915, Park Bank is one of the largest independent commercial banks in Milwaukee with approximately $1 billion in assets, $815 million in deposits, of which approximately 85 percent are core deposits, and $700 million in loans. [Continue]