First Midwest Bank, the main banking subsidiary of First Midwest Bancorp, Inc., a publicly held company, began in Joliet, Illinois. From there they grew to serve many Chicago suburbs, downstate Illinois and the Quad Cities area. First Midwest has its headquarters located in Itasca, just west of O'Hare Airport. On October 23, 2009, First Midwest Bank acquired certain deposits and loans of Westmont-based First DuPage Bank in a transaction facilitated by the Federal Deposit Insurance Corporation. First Midwest Bank agreed to assume all of the deposits - $230 million, and agreed to purchase approximately $260 million in assets at a discount of $32 million. First Midwest Bank entered into a loss-share transaction with the FDIC providing First Midwest Bank with protection from the FDIC for loan losses. First Midwest Bank provides retail and business banking in 67 branches in over 40 towns throughout Illinois, Indiana and Iowa. In 2006, Bank Calumet merged with First Midwest expanding its presence in the northwest Indiana area. First Midwest is the 2004 recipient of the Illinois Bank Community Service Award and was cited by Chicago magazine in its September 2004 issue as one of the 25 best places to work in Chicago, the only bank to receive the award.