First Midwest Bancorp (FMBI) in Itasca, Ill., has named Thomas M. Prame its director of retail banking, a newly created position in which he will be responsible for the bank's 100-branch network and oversee the expansion and development of its retail products and services.
Prame joins the $8 billion-asset First Midwest from RBS Citizens, where he was a Boston-based executive vice president for consumer banking. Prior to joining to Citizens, he held retail banking positions at Citigroup (NYSE: C) and Fifth Third Bancorp (FITB).
James Roolf, a First Midwest spokesman, said Monday that the newly created position is a result of a realignment within the bank that combines consumer and small-business lending, marketing and channel management into one division.
Prame will report to President and Chief Operating Officer Mark Sander, who has spearheaded a number of new initiatives since joining the bank last year. In recent months, First Midwest has established an asset-based lending unit and formed a new wealth management division.
In a news release, Sander said that Prame's "extensive retail banking experience is certain to enhance our strong core retail presence."
Seventy-five percent of First Midwest's branches are in Illinois and the rest are in Illinois and Iowa. Aside from overseeing the bank's physical operations, Prame will also be responsible for advancing its Internet and mobile banking capabilities, First Midwest said.