Elizabeth Di ColaHead of ESOP Finance


8750 W. Bryn Mawr Ave
Suite 1300
Chicago, Illinois 60631


About Elizabeth Di Cola

Years with First Midwest

Joined First Midwest Bank in 2019

College Attended

Law degree from University of California, Berkeley Law, Undergraduate degree from University of Illinois, Urbana-Champaign

Areas Served

Chicago, Nationwide

Areas of Specialty


Elizabeth offers more than 30 years of experience in corporate finance, law, and banking to her work with ESOP owned Middle Market companies. She began her finance career structuring and syndicating tax advantaged corporate finance vehicles. She left the financial services field to attend law school at the University of California at Berkeley, where she served on the law review and published an often-cited article on Employee Retirement Income Security Act (ERISA) damages. Her private law practice focused on ERISA fiduciary litigation and employee benefits matters. She also served as a supervising attorney for the Cook County Public Guardian's Office, where she represented the interests of children and adolescents in the child welfare system.

In early 2008, Elizabeth returned to the financial services arena, combining her experience in complex tax advantaged financings with her ERISA expertise as a banker focused on lending to ESOP owned middle market companies. Prior to joining First Midwest Bank in mid-2019, she held leadership roles on the ESOP finance teams of two commercial banks.
Visit FirstMidwest.com

First Midwest Services


Whether you are expanding your business or supporting cash flow needs, First Midwest has loan options to help you achieve your financing goals.

Learn More

First Midwest is committed to helping your business operate more efficiently. Our Treasury Management Services help save time and manage your business cash flow.

Learn More

From investment management to retirement plan services, explore our Corporate Fiduciary solutions for your Wealth Management needs.

Learn More
You Have Plans. We Have Ideas™.

You Have Plans. We Have Ideas™.

You want to take your business to the next level. What do you need to know? Are you prepared to navigate upcoming economic fluctuations? Or, the passage of new employment policies? We have ideas. We can help turn your plans into reality.

Learn More