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First Midwest launches alarm lending practice

March 26, 2012Martha Entwistle

ITASCA, Ill.—Joining a growing number of lenders and investors with a specific interest in the security industry, First Midwest, which has $7.8 billion in assets, announced March 23 that its security alarm lending group is up and running and ready for business.Jessica Richardson, VP commercial banking, developed the alarm lending group for First Midwest. “We'll be competing with [industry lenders such as] Bank of America, CapitalSource and PrivateBank,” she said. “We're interested...

Bank of America, First Midwest. Jessica Richardson, LaSalle Bank, Mark Sander, Security Performance Partners