First Midwest Selects DealerTrack's Auto Finance Platform

    MELVILLE, N.Y.--June 11, 2003--DealerTrack, Inc. today welcomed another lending institution to its growing community, announcing that First Midwest Bancorp, Inc. is now live on its DealerTrack(TM) online auto finance platform.
    First Midwest's auto dealer customers are now able to access the company's financing programs on DealerTrack 24-hours-a-day, seven-days-a-week. Through the DealerTrack platform, these dealers can submit credit applications to First Midwest Bank and monitor their real-time status, as well as access credit reports and connect with additional lenders on the platform. DealerTrack now also offers dealers the ability to integrate with leading dealer management systems.
    "Use of the DealerTrack platform is a strategic decision for us," said Mike Hagerty, vice president, dealer coordinator of First Midwest Bank. "The pressures of the current marketplace demand not only higher volumes of booked loans, but also a reduction in the costs associated with processing and selecting them. Automating the loan process through the DealerTrack platform creates real value for us by driving inefficiencies out of the process and improving our overall margins."
    "We are very encouraged by the rate at which top-quality financial institutions like First Midwest are joining the DealerTrack family of lenders," said Mark O'Neil, president and chief executive officer of DealerTrack, Inc. "We look forward to our role in improving the loan application process for First Midwest and its dealer customers."
    In operation since early 2001, the DealerTrack platform is now processing nearly two million credit applications per month.

    About DealerTrack:
    With over 20,000 dealers and over 30 lenders currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing. The DealerTrack suite of products includes credit application processing, credit bureau access, electronic contracting and lease comparisons - all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing and credit bureau access. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.

    About First Midwest Bancorp, Inc.:
    With assets of approximately $6.0 billion, First Midwest is the largest independent and one of the overall largest banking companies in the highly attractive suburban Chicago banking market. As the premier independent suburban Chicago banking company, First Midwest provides commercial banking, trust, investment management and related financial services to a broad array of customers through 70 offices located in more than 40 communities primarily in northern Illinois.