First Midwest Bancorp, Inc.

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 14, 2007





First Midwest Bancorp, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of Incorporation)

0-10967
(Commission
File Number)

36-3161078
(IRS Employer
Identification No.)

One Pierce Place, Suite 1500, Itasca, Illinois
(Address of principal executive offices)

60143
(Zip Code)

(630) 875-7450
(Registrant's telephone number, including area code)


N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  • Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  • Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  • Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  • Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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FIRST MIDWEST BANCORP, INC.

FORM 8-K

May 14, 2007

Item 1.01 Entry Into a Material Definitive Agreement

On May 14, 2007 First Midwest Bancorp, Inc. (the "Company") entered into a one year promissory note ("Note") with M&I Marshall & Ilsley Bank (the "Lender") whereby the Lender agreed to extend to the Company a revolving line of credit ("Credit Facility") in an amount up to $70,000,000. The Note amends a Revolving Credit Agreement ("Agreement") by and between First Midwest Bancorp, Inc. and M&I Marshall & Illsley Bank dated April 26, 2004, as amended, and became effective May 1, 2007. Except for an extension of the maturity date, there were no material changes in the terms of the Credit Facility. The Note is attached hereto as Exhibit 10.1 and incorporated herein by reference.
 

Item 9.01 Financial Statements and Exhibits
 

(a) and (b) not applicable

(c) Exhibit Index:

10.1

Promissory Note dated May 1, 2007, amending that certain Revolving Credit Agreement by and between First Midwest Bancorp, Inc. and M&I Marshall & Illsley Bank dated April 26, 2004, as amended.

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 18, 2007

/s/ MICHAEL L. SCUDDER

Michael L. Scudder
President and Chief Operating Officer

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