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Last Trade
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Last Trade:
$13.74
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Change:
0.64 (4.89%)
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Trade Time:
Jul 10
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Market Cap:
$318.81M
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Description of Business
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Midland States Bancorp, Inc. (the "Company," "we," "our," or "us"), an Illinois
corporation formed in 1988, is a diversified financial holding company
headquartered in Effingham, Illinois. The Company completed its initial public
offering on May 24, 2016. Our banking subsidiary, Midland States Bank (the
"Bank"), an Illinois state-chartered bank formed in 1881, has branches across
Illinois and in Missouri, and provides a full range of commercial and consumer
banking products and services, business equipment financing, merchant credit
card services, trust and investment management, and insurance and financial
planning services. In addition, multifamily and healthcare facility Federal
Housing Administration ("FHA") financing is provided through Love Funding
Corporation ("Love Funding"), our non-bank subsidiary. As of December 31, 2019,
the Company had total assets of $6.09 billion, and our wealth management group
had assets under administration of approximately $3.41 billion.
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