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Forbes: America's Best and Worst Banks 2012

America's Worst Banks

2. First Midwest Bancorp

Headquarters: Itasca, Ill.
Assets: $8 billion
Price/Book value: 1.0
NPLs/Loans: 3.9%
Reserves/NPLs: 48%
First Midwest had a bulk loan sale of problem loans in the third quarter that reduced its nonperforming loans by 46%. "We positioned ourselves to lower our future credit costs, which puts us in a strong position to perform. The core business is doing well," First Midwest CEO Michael Scudder told Forbes.

(Photo via Forbes)

More from Forbes:
America’s Largest Private Companies
See More of America’s Best Banks
See More of America’s Worst Banks

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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