8-K

                                  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): June 25, 2003


                                ________________

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


                                 _______________


         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

                               ___________________






                                TABLE OF CONTENTS

Item 5.      Other Events.

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

Signatures

Exhibit Index

Exhibit 99.1




Item 5.    Other Events.

           On June 25, 2003, the Registrant issued the attached press
           release announcing the completion of the purchase of shares by
           the Trustee of the Company's Employee Stock Ownership Plan.


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

           (c)  Exhibits.
                --------

           The following Exhibit is being furnished herewith:

99.1       Registrant's Press Release, dated June 25, 2003.






                                    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/ Donald J. Winchell
                                     -------------------------------------------
                                     Donald J. Winchell
                                     Senior Vice President, Treasurer and Chief
                                       Financial Officer

Dated:  June 25, 2003




                                  Exhibit Index

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

99.1              Registrant's Press Release dated June 25, 2003.

EX-99.1

                                                                    Exhibit 99.1


                   [First Midwest Financial, Inc. Letterhead]



                                                     FOR IMMEDIATE RELEASE
                                                     Contact: Investor Relations
                                                     Telephone: 712.732.4117


                     FIRST MIDWEST FINANCIAL, INC. ANNOUNCES
                      COMPLETION OF STOCK PURCHASE BY ESOP

(Storm Lake, Iowa - June 25, 2003) First Midwest Financial, Inc. announced that
the Trustee of the Company's Employee Stock Ownership Plan (ESOP) has completed
the purchase of additional shares of the Company's outstanding common stock
under a previously authorized purchase plan. A total of 45,812 shares were
purchased under the plan at an average cost of $16.47 per share. The shares will
be used in future distributions to participants in the Company's ESOP.

At March 31, 2003, assets of First Midwest totaled $739 million. Shareholders'
equity totaled $45.3 million, or $18.16 per common share outstanding. The
company's stock is traded on the Nasdaq National Market under the symbol "CASH".


Corporate Profile: First Midwest Financial, Inc. 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.