First Midwest to pay fine over flood insurance violations
The Chicago bank, which is being acquired by Old National Bancorp, agreed to pay roughly $250,000 under an agreement with the Federal Reserve.
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The Chicago bank, which is being acquired by Old National Bancorp, agreed to pay roughly $250,000 under an agreement with the Federal Reserve.
The Federal Reserve approved Old National Bank Corp.’s (NASDAQ: ONB) acquisition of First Midwest Bancorp (NASDAQ: FMBI) last week, despite redlining allegations that Old National settled in December. Old National Bank Corp. Alleged Redlining & Settlement
The Indiana bank announced a five-year, $8.3 billion agreement with the National Community Reinvestment Coalition in connection with its acquisition of First Midwest Bancorp. The Federal Reserve approved the purchase last month.
EVANSVILLE, Ind. and CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc....