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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of report (Date of earliest event reported): January 9, 2004


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                          First Midwest Financial, Inc.
             (Exact name of registrant as specified in its charter)


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         Delaware                          0-22140                 42-1406262
(State or other jurisdiction of       (Commission File)      (IRS Employer
incorporation or organization)             Number            Identification No.)

                       Fifth at Erie, Storm Lake, IA 50588
               (Address of principal executive offices)(Zip Code)


       Registrant's telephone number, including area code: (712) 732-4117

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<PAGE>


                                TABLE OF CONTENTS


Item 5. Other Events.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

Signatures

Exhibit Index

Exhibit 99.1

Exhibit 99.2




                                       i

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Item 5. Other Events.

        On January 9, 2004, the  Registrant  issued the attached press release
        announcing the appointment of a new Chief Financial Officer

        On January 9, 2004, the  Registrant  issued the attached press release
        announcing  completion  of the  sale of a  branch  office  located  in
        Manson, Iowa.



Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (c)  Exhibits.

        The following Exhibits are being furnished herewith:

        99.1     Registrant's Press Release dated January 9, 2004.

        99.2     Registrant's Press Release dated January 9, 2004.




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                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                     FIRST MIDWEST FINANCIAL, INC.

                               By:   /s/ Ronald J. Walters
                                     ---------------------
                                     Ronald J. Walters
                                     Senior Vice President, Secretary, Treasurer
                                     and Chief Financial Officer

Dated:  January 12, 2004




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                                  Exhibit Index
                                  -------------

Exhibit
Number                     Description of Exhibit
------                     ----------------------

99.1     Registrant's Press Release dated January 9, 2004.

99.2     Registrant's Press Release dated January 9, 2004.








                                                                    Exhibit 99.1



                                                     FOR IMMEDIATE RELEASE
                                                     Contact: Investor Relations
                                                     Telephone: 712.732.4117

                      RONALD J. WALTERS JOINS FIRST MIDWEST

(Storm Lake, Iowa - January 9, 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. Walters previously
served as CFO for KFS Bank and its holding company, Kankakee Bancorp, Inc.









About First Midwest
At September 30, 2003, First Midwest had assets of $772 million. First Midwest
is the holding company for First Federal Savings Bank of the Midwest,
headquartered in Storm Lake, Iowa, and for Security State Bank, headquartered in
Stuart, Iowa. First Federal Savings Bank operates as a thrift with four
divisions: First Federal Storm Lake, Brookings Federal Bank, Iowa Savings Bank,
and First Federal Sioux
 Falls. Security State Bank operates as a state-chartered
commercial bank. Sixteen offices support customers throughout northwest and
central Iowa, and in Brookings and Sioux Falls, South Dakota. You can learn more
about First Midwest at www.fmficash.com.



                                                                    Exhibit 99.2



                                                     FOR IMMEDIATE RELEASE
                                                     Contact: Investor Relations
                                                     Telephone: 712.732.4117

                         FIRST MIDWEST ANNOUNCES SALE OF
                      MANSON, IOWA BRANCH OFFICE COMPLETED

(Storm Lake, Iowa - January 9, 2004) First Midwest Financial, Inc. is pleased to
announce that Manson State Bank acquired the branch office of First Federal
Savings Bank of the Midwest located at Eleventh and Main in Manson, Iowa. First
Midwest received a 7.25 percent premium on the approximately $16,100,000 in
deposits held by the Manson office. Manson State Bank also purchased loans of
$733,000 at par and the office building in Manson at approximately net book
value. First Midwest closed this office and the Manson State Bank will service
all acquired deposit and loan accounts from their existing location in Manson.

At September 30, 2003, First Midwest Financial, Inc. had assets of $772 million
and shareholders' equity of $43 million. The company's stock is traded on the
Nasdaq National Market under the symbol "CASH."