Michael Scudder Net Worth

The estimated Net Worth of Michael L Scudder is at least $12.2 Million dollars as of 11 August 2023. Mr. Scudder owns over 50,000 units of First Midwest stock worth over $4,641,772 and over the last 20 years he sold FMBI stock worth over $3,641,025. In addition, he makes $3,949,640 as Chairman of the Board and Chief Executive Officer at First Midwest.

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Mr. Scudder FMBI stock SEC Form 4 insiders trading

Michael has made over 17 trades of the First Midwest stock since 2005, according to the Form 4 filled with the SEC. Most recently he sold 50,000 units of FMBI stock worth $840,500 on 11 August 2023.

The largest trade he's ever made was selling 50,000 units of First Midwest stock on 11 August 2023 worth over $840,500. On average, Michael trades about 1,761 units every 50 days since 2005. As of 11 August 2023 he still owns at least 215,796 units of First Midwest stock.

You can see the complete history of Mr. Scudder stock trades at the bottom of the page.

Michael Scudder biography

Michael L. Scudder CPA serves as Chairman of the Board, Chief Executive Officer of the Company. He also serves as Chairman and Chief Executive Officer of First Midwest Bank. Mr. Scudder served as the Company’s President from 2007 to January 2019, as its Chief Operating Officer from 2007 to 2008 and as its Chief Financial Officer from 2002 to 2007. He previously served as the Group Executive Vice President and Chief Financial Officer of First Midwest Bank from 1995 to 2001. He also has served in various other management capacities in his over thirty years of service to the Company. Mr. Scudder began his professional career at KPMG LLP, an international public accounting firm. Mr. Scudder is a member of the board of directors of the American Bankers Association and the chair of ABA’s CEO Council. He is also an active member of the Mid-Size Bank Coalition of America. Mr. Scudder serves on the board of directors of Silver Cross Hospital, the board of trustees of DePaul University, the executive committee of DePaul University’s Center for Financial Services and the Chicago Metropolitan Planning Council’s Executive Advisory Board. Additionally, he is a member of the Economic Club of Chicago, the Commercial Club of Chicago and the Bankers Club of Chicago. He previously served as an inaugural member of the Federal Reserve Bank of Chicago’s Community Depository Institution Advisory Council. Age: 59 Director Since: 2008

What is the salary of Michael Scudder?

As the Chairman of the Board and Chief Executive Officer of First Midwest, the total compensation of Michael Scudder at First Midwest is $3,949,640. There are no executives at First Midwest getting paid more.

How old is Michael Scudder?

Michael Scudder is 59, he's been the Chairman of the Board and Chief Executive Officer of First Midwest since 2019. There are 19 older and 10 younger executives at First Midwest. The oldest executive at First Midwest Bancorp, Inc. is J. Stephen Vanderwoude, 76, who is the Independent Director.

What's Michael Scudder's mailing address?

Michael's mailing address filed with the SEC is ONE MAIN STREET, , EVANSVILLE, IN, 47708.

Insiders trading at First Midwest

Over the last 20 years, insiders at First Midwest have traded over $12,782,378 worth of First Midwest stock and bought 324,911 units worth $5,893,724 . The most active insiders traders include Robert P Omeara, Michael Small, and Phupinder Gill. On average, First Midwest executives and independent directors trade stock every 42 days with the average trade being worth of $185,352. The most recent stock trade was executed by James P Hotchkiss on 4 March 2021, trading 5,000 units of FMBI stock currently worth $102,600.

What does First Midwest do?

First Midwest Bancorp, Inc. is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with over $21 billion of assets and an additional $13 billion of assets under management. First Midwest Bank and the Company's other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. First Midwest Bank operates branches and other locations throughout metropolitan Chicago, southeast Wisconsin, northwest Indiana, eastern Iowa and other markets in the Midwest.

Complete history of Mr. Scudder stock trades at First Midwest and Old National Bancorp

First Midwest executives and stock owners

First Midwest executives and other stock owners filed with the SEC include:

• Michael Scudder,
  Chairman of the Board, Chief Executive Officer
• Mark Sander,
  President, Chief Operating Officer, Director
• Michael L. Scudder,
  Chairman & CEO
• Patrick Barrett,
  Chief Financial Officer, Executive Vice President
• Michael Jamieson,
  Executive Vice President and Director of Commercial Banking
• Mark G. Sander,
  Pres, COO & Director
• Thomas Prame,
  Executive Vice President and Director of Consumer Banking
• Patrick S. Barrett,
  Exec. VP & CFO
• Michael W. Jamieson,
  Exec. VP & Director of Commercial Banking - First Midwest Bank
• Nicholas Chulos,
  Executive Vice President, General Counsel, Corporate Secretary
• Thomas M. Prame,
  Exec. VP & Director of Consumer Banking - First Midwest Bank
• James Hotchkiss,
  Executive Vice President, Treasurer of the Company and Bank
• J. Stephen Vanderwoude,
  Independent Director
• Stephen Van Arsdell,
  Independent Director
• Barbara Boigegrain,
  Independent Director
• Kathryn Hayley,
  Independent Director
• Ellen Rudnick,
  Lead Independent Director
• Michael Small,
  Independent Director
• Frank Modruson,
  Independent Director
• Phupinder Gill,
  Independent Director
• Thomas Brown,
  Independent Director
• Peter Henseler,
  Independent Director
• James Stadler,
  Executive Vice President and Chief Marketing and Communications Officer of the Bank
• Angela Putnam,
  Senior Vice President of the Company and Bank and Chief Accounting Officer of the Bank
• Jeff Newcom,
  Executive Vice President and Chief Risk Officer
• Kevin Geoghegan,
  Executive Vice President and Chief Credit Officer
• Jo Ann Boylan,
  Executive Vice President and Chief Information and Operations Officer
• R. Douglas Rose,
  Chief Human Resource Officer, Executive Vice President
• Nicholas J. Chulos,
  Exec. VP, Gen. Counsel & Corp. Sec.
• Jo Ann Boylan,
  Exec. VP and Chief Information & Operations Officer
• David M. Knapp,
  Exec. VP of Specialty Banking
• Dean R. Glassberg,
  Exec. VP of Middle Market Banking
• James M. Roolf,
  Sr. VP
• Maurissa Kanter,
  Sr. VP & Director of Corp. Communications
• Ryan J. Cushing,
  Sr. VP of Corp. Devel., Strategy & Investor Relations Officer
• Michelle Y Hoskins,
  EVP, Chief HR Officer
• Patrick J Mcdonnell,
  Director
• Robert P Omeara,
  Director
• Paul F Clemens,
  SVP, Chief Accounting Officer
• Michael C Spitler,
  Bank EVP, Chief Credit Officer
• Caryn J Guinta,
  EVP, Dir of Employee Resources
• Kathleen S Carroll,
  EVP, Chief HR Officer
• John Chlebowski,
  Director
• Victor P Carapella,
  EVP, Comm'l Banking Group Mgr.
• Kimberly J Mc Garry,
  SVP, Chief Accounting Officer
• Michael J Kozak,
  EVP, Chief Credit Officer
• Janet M Viano,
  EVP, Group President Retail
• Stephanie R Wise,
  EVP, Bus.& Institutional Svcs.
• James K Simons,
  EVP, Chief Credit Officer-Bank
• Joseph W England,
  Director
• Thomas M Garvin,
  Director
• Thomas J Schwartz,
  EVP Group Pres. Cmm'l Bnk, FMB
• John E Rooney,
  Director
• Cynthia A Lance,
  EVP, Corporate Secretary
• Bruce Chelberg,
  Director
• David D Kullander,
  EVP, Bank Operations Director
• Brother James Gaffney,
  Director
• Vernon A Brunner,
  Director
• John M Omeara,
  President & CEO
• Mark M Dietrich,
  EVP, First Midwest Bank
• Steven H Shapiro,
  EVP, Corporate Secretary
• Terry G Beaudry,
  Group President Trust
• John L Sterling,
  Director
• Kevin L Moffitt,
  EVP, Chief Risk Officer
• S Belasco Kent,
  EVP, Chief Information Officer
• Robert P Diedrich,
  EVP, Wealth Management