2017 Press Releases

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11/14/17Midland States Bancorp to Participate in the Sandler O’Neill East Coast Financial Services Conference
EFFINGHAM, Ill., Nov. 14, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that members of its executive management team will be participating in the Sandler O’Neill East Coast Financial Services Conference on November 16, 2017 in Naples, Florida.  During the conference, the management team will hold a series of meetings with institutional investors. A copy of the investor presentation that will be used at the conference will be made available on the Webca... 
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11/08/17Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.20 Per Share
EFFINGHAM, Ill., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share.  The dividend is payable on or about November 24, 2017 to all shareholders of record as of the close of business on November 17, 2017. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole s... 
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10/26/17Midland States Bancorp, Inc. Announces 2017 Third Quarter Results
Highlights Definitive agreement to acquire Alpine Bancorporation announced on October 16, 2017 Integration of Centrue acquisition completed Net income of $2.0 million, or $0.10 diluted earnings per share, for the third quarter of 2017 Pending sale of residential mortgage servicing rights expected to reduce earnings volatility and enable redeployment of capital for the Alpine acquisition EFFINGHAM, Ill., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:... 
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10/26/17Midland States Bancorp, Inc. Announces Change in Chief Financial Officer
EFFINGHAM, Ill., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the “Company”) today announced that Kevin L. Thompson, Chief Financial Officer, resigned for personal reasons from the Company and Midland States Bank, its wholly-owned subsidiary (the “Bank”), effective October 20, 2017.  Jeffrey G. Ludwig, Executive Vice President of the Company, will serve as Chief Financial Officer while the Company conducts an executive search for Mr. Thompson’s replacement.  Mr... 
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10/16/17Midland States Bancorp, Inc. to Acquire Alpine Bancorporation
Highlights of the Announced Transaction Expands Midland’s franchise in northern Illinois and provides leading market share in Rockford, the largest city in Illinois outside of the Chicago market Adds a high quality, low-cost core deposit franchise with a cost of deposits of 19 basis points and a loan-to-deposit ratio of 73% Enhances Wealth Management business with addition of $1 billion in assets under management Transaction expected to be approximately 10% accretive... 
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10/03/17Midland States Bancorp, Inc. to Announce Third Quarter 2017 Financial Results on Thursday, October 26
Conference call and webcast to be held on Friday, October 27 EFFINGHAM, Ill., Oct. 03, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its third quarter 2017 financial results after market close on Thursday, October 26, 2017. Midland States Bancorp will also host a conference call and webcast at 7:30 a.m. Central Time on Friday, October 27, 2017 to discuss its financial results.  Analysts and investors may participate in the question-a... 
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09/15/17Midland States Bancorp to Participate in 7th Annual Stephens Bank CEO Forum
EFFINGHAM, Ill., Sept. 15, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that members of its executive management team will be participating in the 7th Annual Stephens Bank CEO Forum on September 20, 2017 in Little Rock, Arkansas.  During the conference, the management team will hold a series of meetings with institutional investors.  A copy of the investor presentation that will be used at the conference will be made available on the Webcasts and Prese... 
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08/16/17Midland States Bank Announces New Chairman
EFFINGHAM, ILLINOIS – August 16, 2017- Midland States Bancorp, Inc. (the "Company"), the parent to Midland States Bank (the "Bank"), today announced that Jack Schultz, who has been Chairman of the Company and the Bank since 2006, has retired from the Board of Directors of the Bank. Mr. Schultz remains Chairman of the Company. Jeffrey C. Smith, who has been a director at the Bank and the Company since 2005, was unanimously elected as Chairman of the Bank.Mr. Schultz, who became a director of the ... 
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08/08/17Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.20 Per Share
EFFINGHAM, Ill., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share.  The dividend is payable on or about August 25, 2017 to all shareholders of record as of the close of business on August 18, 2017. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole share... 
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07/31/17Midland States Bancorp to Participate in 2017 KBW Community Bank Investor Conference
EFFINGHAM, Ill., July 31, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that members of its executive management team will be participating in the 2017 KBW Community Bank Investor Conference on August 1, 2017 in New York City.  During the conference, the management team will hold a series of meetings with institutional investors.  A copy of the investor presentation that will be used at the conference will be made available on the Webcasts and Presentat... 
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07/27/17Midland States Bancorp, Inc. Announces 2017 Second Quarter Results
Highlights Acquisition of Centrue Financial Corporation completed on June 9, 2017, increasing total assets to $4.5 billion Net income of $3.5 million, or $0.20 diluted earnings per share, for the second quarter of 2017 Tangible book value per share increased to $17.47 at June 30, 2017 Non-performing loans decline $1.3 million to $27.6 million at June 30, 2017 EFFINGHAM, Ill., July 27, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the “Compa... 
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07/07/17Midland States Bancorp, Inc. to Announce Second Quarter 2017 Financial Results on Thursday, July 27
Conference call and webcast to be held on Friday, July 28 EFFINGHAM, Ill., July 07, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its second quarter 2017 financial results after market close on Thursday, July 27, 2017. Midland States Bancorp will also host a conference call and webcast at 7:30 a.m. Central Time on Friday, July 28, 2017 to discuss its financial results.  Analysts and investors may participate in the question-and-answe... 
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06/30/17Midland States Bancorp Files Universal Shelf Registration Statement
EFFINGHAM, Ill., June 30, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The registration statement, once declared effective by the SEC, is intended to provide the Company with flexibility to access the capital markets in a timely manner.  Leon J. Holschbach, President and Chief Executive Officer of Midland, commented, “This registrat... 
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06/12/17Midland States Bancorp, Inc. Completes the Acquisition of Centrue Financial Corporation
EFFINGHAM, Ill., June 12, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (“Midland”) today announced it has completed its acquisition of Centrue Financial Corporation (NASDAQ:CFCB) (“Centrue”), the parent company of Centrue Bank. As a result of the transaction, Centrue Bank is now a wholly owned subsidiary of Midland.  The transaction brings Midland’s total assets to approximately $4.5 billion. Leon J. Holschbach, President and Chief Executive Officer of Midland, commen... 
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05/30/17Midland States Bancorp, Inc. and Centrue Financial Corporation Announce Election Deadline
EFFINGHAM, Ill. and OTTAWA, Ill., May 30, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (“Midland”) and Centrue Financial Corporation (NASDAQ:CFCB) (“Centrue”) today announced that the election deadline for Centrue shareholders of record to make merger consideration elections in connection with the previously announced merger between Midland and Centrue is 5:00 p.m., Eastern Daylight Time, on June 2, 2017. Centrue shareholders may elect to receive $26.75 in cash, 0.7604 s... 
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05/08/17Midland States Bancorp Announces Participation in Upcoming Investor Conferences
EFFINGHAM, Ill., May 08, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that members of its executive management team will be participating in the following investor conferences during the month of May:  D.A. Davidson 19th Annual FIG Summit & Financial Institutions Conference on May 10-11 in Denver, Colorado   Piper Jaffray Financial Institutions Conference on May 16 in Palm Beach, Florida During the conferences, the management team will h... 
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05/04/17Love Funding Provides $87.3 Million in FHA Financing for New High-Rise, Market-Rate Apartment Building in Plano, Texas
WASHINGTON, May 04, 2017 (GLOBE NEWSWIRE) -- Love Funding, a subsidiary of Midland States Bancorp, Inc. (NASDAQ:MSBI) and one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, today announced the closing of an $87.3 million FHA loan to build a new high-rise, market-rate apartment building in Plano, Texas. The project, named LVL 29 for its 29 levels, is located in Legacy West, a 250-acre mixed-use destination located at the intersection of the Dallas ... 
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05/02/17Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.20 Per Share
EFFINGHAM, Ill., May 02, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share.  The dividend is payable on or about May 19, 2017 to all shareholders of record as of the close of business on May 12, 2017. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder ... 
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04/27/17Midland States Bancorp, Inc. Announces 2017 First Quarter Results
Highlights Net income of $8.5 million for first quarter of 2017 Earnings per share of $0.52, an increase of 24% over prior year period Total loans increased $135 million, or 23.3% annualized Return on average assets of 1.05%; Return on average tangible equity of 12.78% Acquisition of CedarPoint Investment Advisors added $180 million in assets under administration EFFINGHAM, Ill., April 27, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the “Company”)... 
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04/19/17Midland States Bancorp, Inc. Receives Federal Reserve Approval for Pending Acquisition of Centrue Financial Corporation
EFFINGHAM, Ill., April 19, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (“Midland”) today announced that that it has received approval from the Federal Reserve to acquire Centrue Financial Corporation (“Centrue”) and its wholly owned subsidiary, Centrue Bank, based in Ottawa, Illinois. “We have been working hard to complete our transaction with Centrue, and are pleased to have received Federal Reserve approval,” said Leon J. Holschbach, President and Chief Executive O... 
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04/06/17Midland States Bancorp, Inc. to Announce First Quarter 2017 Financial Results on Thursday, April 27
Conference call and webcast to be held on Friday, April 28 EFFINGHAM, Ill., April 06, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its first quarter 2017 financial results after market close on Thursday, April 27, 2017. Midland States Bancorp will also host a conference call and webcast at 7:30 a.m. Central Time on Friday, April 28, 2017 to discuss its financial results.  Analysts and investors may participate in the question-and-an... 
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03/28/17Midland States Bancorp Announces Acquisition of CedarPoint Investment Advisors
EFFINGHAM, Ill., March 28, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) today announced that it has acquired CedarPoint Investment Advisors, an SEC registered investment advisory (RIA) firm located in Delafield, Wisconsin.  Founded in 2009, CedarPoint provides clients with a full range of financial planning and investment services and has approximately $180 million in assets under administration.  The transaction increases the size of Midland’s Wealth Management group to... 
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02/07/17Midland States Bancorp, Inc. Announces 11% Increase in Quarterly Cash Dividend
EFFINGHAM, Ill., Feb. 07, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share, an increase of 11% from the previous quarterly cash dividend of $0.18 per share.  The dividend is payable on or about February 24, 2017 to all shareholders of record as of the close of business on February 17, 2017. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based ... 
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01/30/17Love Funding Closes $17.3 Million Loan to Acquire and Renovate a Senior Apartment Community in Ann Arbor, Michigan
WASHINGTON, Jan. 30, 2017 (GLOBE NEWSWIRE) -- Love Funding, a subsidiary of Midland States Bancorp, Inc. (NASDAQ:MSBI) and one of the nation’s leading providers of FHA multifamily, affordable and healthcare financing, announced the closing of a $17.3 million loan to acquire and renovate Cranbrook Senior Tower in Ann Arbor, Michigan. Love Funding Midwest Regional Director Bruce Gerhart secured the loan through a pilot program at the U.S. Department of Housing and Urban Development (HUD) desi... 
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01/26/17Midland States Bancorp, Inc. Announces 2016 Fourth Quarter Results
Highlights Net income of $11.6 million, or $0.72 diluted earnings per share Average loans increased $118 million, or 20.7% annualized Return on average assets of 1.44%; Return on average equity of 14.05% Acquisition of Sterling Trust added $400 million in assets under administration Operational Excellence initiative adopted to drive increased efficiencies Definitive agreement signed to acquire Centrue Financial Corporation EFFINGHAM, Ill., Jan. 26, 2... 
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01/26/17Midland States Bancorp, Inc. to Acquire Centrue Financial Corporation
Highlights of the Announced Transaction Strengthens Midland’s franchise in northern Illinois markets Adds a high quality, low-cost core deposit franchise with a cost of deposits of 18 basis points Transaction expected to be 8-9% accretive to Midland’s earnings per share in 2018 EFFINGHAM, Ill. and O... 
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01/10/17Midland States Bancorp Announces Three Advisory Board Members
ST. LOUIS, Jan. 10, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq:MSBI) today announced the appointment of three individuals to its Midland States Bank advisory board for the St. Louis region: Douglas Croghan, Jay Delsing, and Laurna Godwin.   Doug Croghan added to Midland States Bank advisory board for St. Louis region ... 
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01/05/17Midland States Bancorp, Inc. to Announce Fourth Quarter 2016 Financial Results on Thursday, January 26
Conference call and webcast to be held on Friday, January 27 EFFINGHAM, Ill., Jan. 05, 2017 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its fourth quarter 2016 financial results after market close on Thursday, January 26, 2017. Midland States Bancorp will also host a conference call and webcast at 7:30 a.m. Central Time on Friday, January 27, 2017 to discuss its financial results.  Analysts and investors may participate in the question-... 
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