Ronald J. Walters joins First Midwest

Thursday, January 15, 2004

James S. Haahr, Chairman of the Board and CEO of First Midwest Financial, Inc. and First Federal Savings Bank of the Midwest, is pleased to announce the appointment of Ronald J. Walters as Senior Vice President, Secretary, Treasurer, and Chief Financial Officer for First Midwest and First Federal.

Walters brings over 30 years of accounting and banking experience to the company.

Donald J. Winchell, former SVP, Secretary, Treasurer, and CFO for First Midwest and First Federal has agreed to stay on in a consulting capacity to assist Walters in the transition.

Ron and his wife, Pat, are moving to Storm Lake from Bourbonnais, Ill.

He previously served as CFO for KFS Bank and its holding company, Kankakee Bancorp, Inc.

"I am pleased to join the professional team of people in First Federal's community- and customer-oriented organization." Walters said. "My wife and I look forward to getting acquainted and involved in the Storm Lake community."

Haahr said that "It it a great pleasure to introduce Ron as a member of our team," Haahr said. "I am confident that his financial experience will benefit our organization, our customers, and our community."