UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 31, 1996
First Midwest Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-10967 36-3161078
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
300 Park Boulevard, Suite 405, Itasca, Illinois 60143
(Address of principal executive offices) (Zip Code)
(708) 875-7450
Registrant's telephone number, including area code
N.A.
(Former name and address, if changed since last report)
FIRST MIDWEST BANCORP, INC. (the "Company")
FORM 8-K
MAY 31, 1996
Item 5. Other Events
On March 25, 1996 the Company suspended share repurchases under the repurchase
plan approved by its Board of Directors on November 15, 1995. This
action was precipitated by the Securities and Exchange Commission's issuance
on March 20, 1996 of Staff Accounting Bulletin #96 concerning tainted share
repurchases in the context of acquisitions accounted for as poolings of
interest in light of the Company's December 20, 1995 acquisition of CF
Bancorp, Inc. which was accounted for as a pooling of interests.
As a result of the Company's interpretation of such Bulletin, Management will
recommend to the Executive Committee of the Board of Directors at its
June, 1996 meeting that it, exercising the power and authority of the
Board of Directors, rescind ab initio the remainder of such plan.
FIRST MIDWEST BANCORP, INC.
FORM 8-K
MAY 31, 1996
The following Items are not applicable for this Form 8-K:
Item 1.Changes in Control of Registrant
Item 2.Acquisition or Disposition of Assets
Item 3.Bankruptcy or Receivership
Item 4.Changes in Registrant's Certifying Accountant
Item 6.Resignations of Registrant's Directors
Item 7.Financial Statements and Exhibits
Item 8.Change in Fiscal Year
FIRST MIDWEST BANCORP, INC.
FORM 8-K
MAY 31, 1996
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
First Midwest Bancorp, Inc.
(Registrant)
Date:May 31, 1996 DONALD J. SWISTOWICZ
Donald J. Swistowicz
Executive Vice President
