First Midwest Bank is a commercial bank that provides personal banking, business banking and wealth management services. The bank offers checking account, savings account, health savings accounts, mortgages, home equity, personal loans, reverse mortgages, auto loans, and specialty loans. In addition, First Midwest offers wealth management, asset management, financial planning, advisory, insurance, and education planning services. First Midwest's Structured Finance Group offers cash flow loans to companies backed by financial sponsors, which may include private equity firms, family offices or other investor groups. The firm also provides equipment financing through its subsidiary, First Midwest Equipment Finance. Founded in 1940, First Midwest Bank is located in Chicago, Illinois and operates as a subsidiary of First Midwest Bancorp.