First Midwest Bank Culture | Comparably
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First Midwest Bank Claimed Company
First Midwest Bank, the main banking subsidiary of First Midwest Bancorp, Inc., a publicly held company, began in Joliet, Illinois. read more
EMPLOYEE
PARTICIPANTS
7
TOTAL
RATINGS
128
Updated on: July 11, 2024

First Midwest Bank Company Culture

First Midwest Bank Culture

This score is derived from employee ratings & reviews
3.4/5
First Midwest Bank's Overall Culture is rated C+

Top Rated Culture Dimensions

Compensation
A+
Executive Team
A+
Perks & Benefits
A+
CEO Rating
A
Professional Development
B

First Midwest Bank CEO

Top 10%Top 10% of Similar Size Companies on Comparably
Michael Scudder First Midwest Bank's CEO
Michael Scudder
78 /100
See More

Diversity at First Midwest Bank

N/A

Women at First Midwest Bank

N/A

First Midwest Bank eNPS

Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"
Bottom 20%Bottom 20% of Similar Size Companies on Comparably

Recommend to a Friend?

-40

First Midwest Bank employees are -40% more likely to recommend First Midwest Bank as a great place to work

0%Promoters
60%Passives
40%Detractors

Working at First Midwest Bank

Working at First Midwest Bank is rated average by 7 employees, across various culture dimensions. First Midwest Bank employees are most satisfied about Compensation, Executive Team, and Perks And Benefits categories, putting First Midwest Bank’s culture in the Top 50% compared to similar sized companies on Comparably and in the Bottom 45% compared to other companies in Chicago. See below in detail how working at First Midwest Bank was rated by employees.

Overall Company Culture at First Midwest Bank

C+

Overall Company Culture at First Midwest Bank is rated C+

Last updated months ago

Top
50%

First Midwest Bank ranks in the Top 50% of other companies on Comparably with 1,001-5,000 Employees for Overall Company Culture Score

First Midwest Bank Employee Reviews

Out of 12 First Midwest Bank employee reviews, 100% were positive.

100%
0%
Positive Reviews100%
Constructive Feedback0%

Positive Reviews From First Midwest Bank Employees

  • What is the best part about your compensation package?
    Yearly bonus based on bank performance
  • What do you like best about the leadership team?
    accommodating, supportive, challenging, transparent, progressive
  • What do you like best about the leadership team?
    They want to try to make a good experience for employees
Read More Positive Reviews

First Midwest Bank Company Information

First Midwest Bank Company Overview

First Midwest Bank, the main banking subsidiary of First Midwest Bancorp, Inc., a publicly held company, began in Joliet, Illinois.

First Midwest Bank Mission, Vision & Values

First Midwest Bank Mission & Values

We are in the business of helping clients achieve financial success throughout their economic lives. We do so by focusing on the broad range of their financial needs and delivering quality services that truly fulfill those needs.We believe that only if each of us - those dealing directly with clients, as well as those who support client contact people - assumes personal responsibility for the financial success of every client we come in contact with, will their success be assured.We further believe that in fulfilling clients' financial needs we are creating significant value for them while at the same time creating value for ourselves and the company.The financial success of our clients, thusly, will define our success as well as the company's.

First Midwest Bank Mission, Vision & Values
HeadquarterChicago, IL
United States of America
Websitefirstmidwest.com/
Founding Date1940
Company StatusPublic

First Midwest Bank Competitors

First Midwest Bank competitors include MB Financial Bank, BMO Harris Bank, and Associated Bank. First Midwest Bank ranks 3rd in Overall Culture Score on Comparably vs its competitors. See below how First Midwest Bank compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.

  1. #1
    MB Financial Bank's Logo
    MB Financial Bank
    4.6/5
  2. #2
    BMO Harris Bank's Logo
    BMO Harris Bank
    3.5/5
  3. #3
    First Midwest Bank's Logo
    First Midwest Bank
    3.4/5
  4. #4
    Associated Bank's Logo
    Associated Bank
    3.3/5
Learn More About First Midwest Bank Competitors

First Midwest Bank Employees

7 employees at First Midwest Bank have reviewed First Midwest Bank across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was months ago.

Overall, the 7 First Midwest Bank employees give their leadership a grade of C, or Bottom 45% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.

Employees at First Midwest Bank are extremely happy with their total compensation at First Midwest Bank, which includes a combination of pay, stock and equity, and benefits.

Overall, employees at First Midwest Bank are generally satisfied with their team. 7 Participants grade the quality of their coworkers a C+. The majority believe the meetings at First Midwest Bank are effective, and the majority look forward to interacting with their coworkers.

The majority of employees at First Midwest Bank believe the environment at First Midwest Bank is positive. Most Participants believe the pace of work at First Midwest Bank is comfortably fast.

Overall, the employees at First Midwest Bank are not very happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.

Joining First Midwest Bank - Employee Onboarding

The prevailing opinion from Comparably users in Chicago about their company is that it was prepared on their first day. Chicago employees concluded that their overall onboarding experience was positive. 71% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.

First Midwest Bank Employee Onboarding

First Midwest Bank KPIs and OKRs

At this moment no First Midwest Bank employees have provided insight into whether or not they clearly understand First Midwest Bank's KPIs and OKRs.

AnswerPercent
Yes0%
No100%
Are your company's goals clear, and are you invested in them?
AnswerPercent
Yes0%
No0%
Are the KPIs/OKRs for your department clear?
First Midwest Bank KPIs & OKRs

First Midwest Bank CEO & Leadership

First Midwest Bank CEO - Michael Scudder

Michael Scudder First Midwest Bank's CEO
78 /100

Michael’s approval rate is in the Top 10% of all CEOs of similar-sized companies on Comparably, and in the Top 10% compared to the CEOs of all other companies in Chicago. Compared to First Midwest Bank’s competitors, Michael Scudder ranks right above BMO Harris Bank CEO David Casper. Under Scudder’s leadership, First Midwest Bank employee respondents are most happy about their Compensation and the company’s Executive Team. Environment and Manager are two areas, according to respondents, where First Midwest Bank could stand to see real improvement.

First Midwest Bank Leadership

The First Midwest Bank Executive Team is rated an “A+” and led by CEO Michael Scudder, EVP Chief Information and Operations Officer Jo Boylan, and AVP,Sr IT Systems Engineer Jerry Kosek

  • Michael Scudder CEO / President

    Michael Scudder CEO / President

    Michael Scudder serves as the CEO / President of First Midwest Bank.

  • Jo Boylan EVP Chief Information and Operations Officer

    Jo Boylan serves as the EVP Chief Information and Operations Officer for First Midwest Bank. Jo started at First Midwest... read more

  • Jerry Kosek AVP,Sr IT Systems Engineer

    Jerry Kosek serves as the AVP,Sr IT Systems Engineer for First Midwest Bank. Jerry started at First Midwest Bank in June... read more

  • Jack Nick SVP, Head of Digital Sales Enablement

    Jack Nick serves as the SVP, Head of Digital Sales Enablement for First Midwest Bank. Jack started at First Midwest Bank... read more

  • Steve Greenhow VP, eCommerce Platform Manager - Sales Enablement

    Steve Greenhow serves as the VP, eCommerce Platform Manager - Sales Enablement for First Midwest Bank. Steve started at... read more

  • Lisa Randall SVP, Commercial Marketing

    Lisa Randall serves as the SVP, Commercial Marketing for First Midwest Bank. Lisa started at First Midwest Bank in May... read more

  • Sharon Carnaghi SVP, Director of Marketing - Consumer, Small Business & Community

    Sharon Carnaghi serves as the SVP, Director of Marketing - Consumer, Small Business & Community for First Midwest Bank.... read more

  • Kent Belasco EVP/CIO

    Kent Belasco serves as the EVP/CIO for First Midwest Bank. Kent started at First Midwest Bank in August of 1986. Kent is... read more

  • Brian Hale VP, Wealth Management Officer

    Brian Hale serves as the VP, Wealth Management Officer for First Midwest Bank. Brian started at First Midwest Bank in... read more

See More Executives

Explore First Midwest Bank Leadership Team

First Midwest Bank Salaries

How much does First Midwest Bank pay?

How much do people at First Midwest Bank get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at First Midwest Bank is $98,377, or $47 per hour, while the estimated median salary is $103,817, or $49 per hour.

At First Midwest Bank, the highest paid job is a Corporate Counsel at $188,068 annually and the lowest is a CS Rep at $44,854 annually. Average First Midwest Bank salaries by department include: Finance at $72,298, HR at $111,468, Customer Support at $58,710, and IT at $102,755. Half of First Midwest Bank salaries are above $103,817.

4 employees at First Midwest Bank rank their Compensation in the Top 5% of similar sized companies in the US (based on 14 ratings) while 4 employees at First Midwest Bank rank their Perks And Benefits in the Top 5% of similar sized companies in the US (based on 6 ratings).

Last updated months ago.

1st Percentile
$64k
$64k1st Percentile
17th Percentile
$83k
$83k17th Percentile
33rd Percentile
$102k
$102k33rd Percentile
50th Percentile
$163k
$163k50th Percentile
67th Percentile
$221k
$221k67th Percentile
83rd Percentile
$280k
$280k83rd Percentile
100th Percentile
$285k
$285k100th Percentile
$98,377*
Average Compensation
$103,817*
Median Compensation

* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.

First Midwest Bank Salaries by Department

Explore First Midwest Bank Salaries

Diversity & Inclusion at First Midwest Bank

The Diversity score provides insights into how diverse employees feel and rate their work experience at First Midwest Bank across various culture dimensions.

Ranked Culture the Highest

Women N/A/100
Men N/A/100
Diverse Employees N/A/100

Ranked Culture the Lowest

Women N/A/100
Men N/A/100
Diverse Employees N/A/100
Explore First Midwest Bank Diversity & Inclusion

First Midwest Bank Perks & Benefits

Health & Wellness

  • Dental Insurance
  • Vision Insurance
  • Health Insurance
  • Life Insurance

Paid Time Off

  • PTO / Vacation Policy
  • Paid Holidays
  • Maternity / Paternity Leave

Financial Benefits

  • 401K / Retirement Plan
  • Tuition Reimbursement
Explore First Midwest Bank Perks and Benefits

First Midwest Bank PTO

First Midwest Bank's PTO and Vacation policy typically gives 15-20 days off a year. First Midwest Bank's benefits and PTO Package averages to represent a $2500+ cash value per month.

AnswerPercent
Flex Time0%
Vacation Policy0%
Office Meals0%
401k Contribution0%
Childcare0%
Other than healthcare, which of the following benefits is most important to you?
AnswerPercent
Yes0%
No0%
Does your boss expect you to work when you're on vacation?
AnswerPercent
$2500+/mo100%
$1500 - $2500/mo0%
$1000 -$1500/mo0%
$500 -$1000/mo0%
Less than $500/mo0%
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
First Midwest Bank PTO Policy

First Midwest Bank Careers

First Midwest Bank Jobs

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Let First Midwest Bank Know You Want To Work There

Overview of Candidates Interested in First Midwest Bank on Comparably

Candidates By Department

IT
100%

Candidates By Location

Chicago
100%

Frequently Asked Questions regarding First Midwest Bank

Who is the CEO of First Midwest Bank?

First Midwest Bank CEO is Michael Scudder, their score by employees is 78

What is First Midwest Bank eNPS?

The eNPS for First Midwest Bank is -40

What is the salary for Engineering Manager in First Midwest Bank?

Engineering Manager average salary in the US is 149k

What are the salaries in the Sales in First Midwest Bank?

The average salaries for Sales in First Midwest Bank is 214k

Who are First Midwest Bank competitors?

First Midwest Bank main competitors are MB Financial Bank, BMO Harris Bank, Associated Bank

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