ITASCA, IL--(Marketwire - May 15, 2008) - First Midwest Bancorp, Inc. (NASDAQ: FMBI) today announced that it will hold its Annual Stockholders Meeting on Wednesday, May 21, 2008, at 9:30 A.M. CT at the Westin Chicago Northwest, Itasca, Illinois. After conducting the business described in the 2008 Proxy Statement, First Midwest's management will make a brief presentation.

The presentation materials will be available for viewing in the Investor Relations section on the Company's website, www.firstmidwest.com, on May 21, 2008 after 2:00 P.M. CT and will be available for 7 days thereafter.

First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of both business and retail banking and trust and investment management services through 102 offices located in 63 communities, primarily in metropolitan Chicago. First Midwest was recently recognized by the Alfred P. Sloan Awards for Business Excellence in Workforce Flexibility in the greater Chicago Area.

Contact Information: CONTACT: Andrea L. Stangl Assistant Corporate Secretary (630) 875-7463 www.firstmidwest.com