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):   November 22, 2004

_________________

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

_________________

Delaware
(State or other jurisdiction of
incorporation or organization)
0-22140
(Commission File
Number)
42-1406262
(IRS Employer
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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

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TABLE OF CONTENTS

Item 8.01 Other Events.

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.

Signatures

Exhibit Index

Exhibit 99.1


Section 8 – Other Events

Item 8.01    Other Events.

  On November 22, 2004, the Registrant issued the attached press release announcing declaration of a cash dividend for the first quarter of its fiscal year 2005.


Section 9 – Financial Statements and Exhibits

Item 9.01    Financial Statements, Pro Forma Financial Information and Exhibits.

  (c) Exhibits.

  The following Exhibits are being furnished herewith:

  99.1 Registrant’s Press Release dated November 22, 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.



By:


FIRST MIDWEST FINANCIAL, INC.

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

Dated: November 22, 2004


Exhibit Index

Exhibit
Number
99.1

                            Description of Exhibit
Registrant's Press Release dated November 22, 2004.