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

                                -----------------



                                    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): August 23, 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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                                TABLE OF CONTENTS

Item 8.01 Other Events.

Item 9.01 Financial Statements and Exhibits.

Signatures

Exhibit Index

Exhibit 99.1








Item 8.01 Other Events.

        On August 23, 2004, the  Registrant  issued the attached press release
        announcing  the  declaration of a cash dividend for the fourth quarter
        of its fiscal year 2004.

Item 9.01 Financial Statements and Exhibits.


        (c)  Exhibits.
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        The following Exhibits are being furnished herewith:

        99.1 Registrant's Press Release dated August 23, 2004.










                                    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:  August 24, 2004






                                  Exhibit Index

Exhibit
Number                     Description of Exhibit
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99.1        Registrant's Press Release dated August 23, 2004.