Midland States Bancorp, Inc. (MSBI)

NASDAQ: MSBI · IEX Real-Time Price · USD
+0.43 (1.80%)
Dec 4, 2023, 4:00 PM EST - Market closed

Company Description

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities.

It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.

In addition, it offers construction and land development loans, such as real estate investment properties and residential developments, and lesser extent loans; and residential real estate loans, which includes first and second mortgage loans, and home equity lines of credit consisting of loans secured by first or second mortgages on primarily owner occupied primary residences.

The company also provides consumer installment loans for the purchase of cars, boats and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; and commercial equipment leasing programs for manufacturing, construction, transportation, and healthcare industries.

Further, it offers deposit products, including checking, savings, money market, and certificates of deposit, as well as sweep accounts; and trust and wealth management services, such as financial and estate planning, trustee and custodial, investment management, tax, insurance, and business planning, corporate retirement plan consulting and administration, and retail brokerage services.

The company was founded in 1881 and is headquartered in Effingham, Illinois.

Midland States Bancorp, Inc.
Midland States Bancorp logo
Country United States
Founded 1881
IPO Date May 24, 2016
Industry Banks - Regional
Sector Financials
Employees 911
CEO Jeffrey G. Ludwig CPA

Contact Details

1201 Network Centre Drive
Effingham, Illinois 62401
United States
Phone (217) 342-2141
Website midlandsb.com

Stock Details

Ticker Symbol MSBI
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency USD
CIK Code 0001466026
CUSIP Number 597742105
ISIN Number US5977421057
Employer ID 37-1233196
SIC Code 6022

Key Executives

Name Position
Jeffrey G. Ludwig CPA President, Chief Executive Officer and Vice Chairman
Eric T. Lemke CPA Chief Financial Officer
Douglas J. Tucker Senior Vice President, Corporate Counsel and Secretary
Jeffrey S. Mefford Executive Vice President
James R. Stewart CPA Senior Vice President and Chief Risk Officer of Midland States Bank
Aaron Rios Director of Operations
Donald J. Spring Chief Accounting Officer and Controller
Kyle Mooney Chief Information Officer
John Dietrich Director of Marketing
William Wierman Senior Credit Officer and Manager of Retail and Business Banking

Latest SEC Filings

Date Type Title
Nov 13, 2023 8-K Current Report
Nov 13, 2023 144 Filing
Nov 6, 2023 8-K Current Report
Nov 2, 2023 10-Q Quarterly Report
Oct 26, 2023 8-K Current Report
Aug 7, 2023 8-K Current Report
Aug 3, 2023 10-Q Quarterly Report
Aug 1, 2023 8-K Current Report
Jul 27, 2023 8-K Current Report
May 4, 2023 10-Q Quarterly Report