The new unit will be headed by Robert Diedrich, a 32 year veteran of First Midwest, who previously had headed the bank’s trust division.
The new division will provide fiduciary, investment and private banking services to individual, corporate and governmental clients throughout the communities and diverse markets served by First Midwest.
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Currently, the wealth management division of First Midwest manages more than US$5 billion in clients’ assets.
"Our new Wealth Management Division draws together trust, retail investment and private banking into one unit that will enable us to broaden our existing client relationships while at the same time enhancing our ability to attract new clients and grow this important segment of our business," stated Mark Sander, president and COO of First Midwest Bank.
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