First Midwest Bancorp in Itasca, Ill., has named new heads of treasury management and private banking.

The $9.5 billion-asset company this week hired Kristen Saranteas to lead its treasury management division. Saranteas previously worked for Wintrust Financial and Northern Trust.

Saranteas was hired in part because of her experience in "domestic and global cash management" and in working with both "small businesses to large corporations," President Mark Sander said in a news release.

First Midwest also named Paul Hoefert head of private banking. Hoefert previously was chief administrative officer for Northern Trust's wealth management division.

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