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 merchant services; deposit products, including checking, savings, money market, and certificates of deposit, as well as sweep accounts; letters of credit; 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.
| Country | United States |
| Founded | 1881 |
| IPO Date | May 24, 2016 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 914 |
| CEO | Jeffrey Ludwig |
Contact Details
Address: 1201 Network Centre Drive Effingham, Illinois 62401 United States | |
| Phone | 217 342 7321 |
| Website | midlandsb.com |
Stock Details
| Ticker Symbol | MSBI |
| Exchange | NASDAQ |
| Stock Type | Common Stock |
| 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 |
| Jeffrey S. Mefford | Executive Vice President |
| Daniel E. Casey | Senior Vice President and Chief Risk Officer of Midland States Bank |
| Donald J. Spring | Chief Accounting Officer and Corporate Controller |
| Kyle Mooney | Chief Information Officer |
| Gerald Maloney | Chief Compliance Officer |
| Shonna Kracinski | Director of Human Resources |
| Danny Leon Stevenson C.F.A., CFA | Executive Vice President of Consumer Banking and Wealth Management |
| Timothy J. Spitz | Senior Vice President of Banking |
| Heath William Sorenson CSOP, MBA, PPC? | Chief Operating Officer of Wealth Management |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| May 23, 2025 | 8-K | Current Report |
| May 13, 2025 | 8-K | Current Report |
| May 9, 2025 | NT 10-Q | Notification of inability to timely file Form 10-Q or 10-QSB |
| May 6, 2025 | 8-K | Current Report |
| Apr 30, 2025 | 8-K | Current Report |
| Apr 25, 2025 | 8-K | Current Report |
| Apr 15, 2025 | SCHEDULE 13G | Filing |
| Apr 9, 2025 | 8-K | Current Report |
| Mar 17, 2025 | NT 10-K | Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 |
| Feb 7, 2025 | SCHEDULE 13G/A | Filing |