First Midwest Bancorp in Chicago taps new president

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First Midwest Bancorp in Chicago has a new president.

The $15 billion-asset company said in a press release on Friday that it had promoted Mark Sander to the post, effectively immediately. Sander, the company's chief operating officer, will retain that title. He will continue to serve as chief operating officer and president of First Midwest's bank.

Sander is also a First Midwest director.

Michael Scudder, who had been the company's president, will remain chairman and CEO.

The appointment "is a natural extension of the important role [Sander] has played over the past seven years in helping us deliver strong growth and business performance,” Scudder said in the release.

“His strategic insight and exceptional leadership will serve us well as we continue our position as Chicago’s premier commercial bank and execute on our vision of being our clients’ most trusted financial partner,” Scudder added.

Sander, who joined First Midwest in June 2011, oversees the bank’s commercial, consumer and wealth management business lines. He has also led credit administration, operations, information technology, marketing and communications for the company, which recently moved its headquarters from Itasca, Ill.

Sander was the director of commercial banking at Associated Banc-Corp before joining First Midwest. In that role, he managed Associated's commercial banking, treasury management, insurance brokerage and capital markets businesses.

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