2016 Press Releases

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12/19/16Midland States Bancorp Added to ABA NASDAQ Community Bank Index
EFFINGHAM, Ill., Dec. 19, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) today announced that it has been added to the ABA (American Bankers Association) NASDAQ Community Bank Index (ABAQ), the nation’s most broadly representative stock index for community banks.  The index includes 341 community banks with a total market capitalization of nearly $260 billion. Launched in December 2003, the ABAQ is the most broadly representative stock index for community banks and rema... 
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11/28/16Midland States Bancorp Announces Branch Network Optimization Plan
EFFINGHAM, Ill., Nov. 28, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) today announced a branch network optimization plan as part the Company’s Operational Excellence strategic initiative.  As previously announced, Midland’s Operational Excellence initiative is designed to place greater corporate-wide focus on driving improvements in people, processes and technology, and generate further improvement in Midland’s operating efficiency and financial performance. The bran... 
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11/15/16Midland States Bancorp to Participate in the Sandler O’Neill East Coast Financial Services Conference
EFFINGHAM, Ill., Nov. 15, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that Leon J. Holschbach, President and Chief Executive Officer, Jeffrey G. Ludwig, Executive Vice President, and Kevin L. Thompson, Chief Financial Officer, will participate in the Sandler O’Neill East Coast Financial Services Conference on November 17, 2016 in Naples, Florida.  During the conference, the management team will hold a series of meetings with institutional investors. A... 
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11/14/16Midland States Bancorp Names Kevin L. Thompson Chief Financial Officer
EFFINGHAM, Ill., Nov. 14, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that Kevin L. Thompson has been appointed to the position of Chief Financial Officer of the holding company and the bank.  Mr. Thompson succeeds Jeffrey G. Ludwig in the CFO role, which follows Mr. Ludwig’s promotion to President of Midland States Bank in February 2016.  Mr. Ludwig is also Executive Vice President of the holding company. “We are very pleased to welcome Kevin Thompson ... 
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11/10/16Midland Completes Acquisition of $400 Million AUM Trust Department from Sterling National Bank
EFFINGHAM, IL, and MONTEBELLO, NY -- (Marketwired) -- 11/10/16 -- Midland States Bancorp, Inc. (NASDAQ: MSBI) and Sterling National Bank, a wholly-owned subsidiary of Sterling Bancorp (NYSE: STL) announced today that Midland States Bank, Midland's wholly-owned bank subsidiary, has completed its acquisition of the trust department of Sterling National Bank of Montebello, New York. With the acquisition of Sterling's approximately $400 million in managed assets, Midland has increased the size of i... 
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11/09/16Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.18 Per Share
EFFINGHAM, Ill., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.18 per share.  The dividend is payable on or about November 28, 2016 to all shareholders of record as of the close of business on November 18, 2016. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole sh... 
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11/08/16Midland States Bancorp Announces New Operational Excellence Initiative
Company also announces investment portfolio repositioning EFFINGHAM, Ill., Nov. 08, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors has formally adopted a new strategic initiative of “Operational Excellence” under the Company’s Strategic Plan.  Midland’s other strategic initiatives consist of Revenue Diversification, Customer-Centric Culture, Accretive Acquisitions and Enterprise-Wide Risk Management. The new Operational Excel... 
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10/27/16Midland States Bancorp, Inc. Announces 2016 Third Quarter Results
Third Quarter 2016 Summary Net income of $8.1 million, or $0.51 diluted earnings per share Total loans increased $152 million to $2.31 billion at September 30, 2016 Average loans increased $96 million, or 17.7% annualized Non-interest income of $14.9 million, or 35.4% of total revenue Return on average assets of 1.03%; Return on average equity of 10.04% EFFINGHAM, Ill., Oct. 27, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the “Comp... 
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10/03/16Midland States Bancorp Announces Early Termination of FDIC Loss Share Agreements
EFFINGHAM, Ill., Oct. 03, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it entered into an agreement with the Federal Deposit Insurance Corporation (“FDIC”) on October 3, 2016 to terminate its existing loss share agreements with the FDIC.  The loss share agreements are with respect to certain assets Midland acquired from the FDIC as part of the two FDIC-assisted bank acquisitions it has done, one in 2009 and one in 2010.  Under the terms of the agr... 
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10/03/16Midland States Bancorp, Inc. to Announce Third Quarter 2016 Financial Results on Thursday, October 27
Conference call and webcast to be held on Friday, October 28 EFFINGHAM, Ill., Oct. 03, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its third quarter 2016 financial results after market close on Thursday, October 27, 2016. Midland States Bancorp will also host a conference call and webcast at 7:30 a.m. Central Time on Friday, October 28, 2016 to discuss its financial results.  Analysts and investors may participate in the question-a... 
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09/22/16Leon Holschbach Appointed to Advisory Board of Financial Regulatory Group
WASHINGTON, Sept. 22, 2016 (GLOBE NEWSWIRE) -- The Conference of State Bank Supervisors (CSBS), the nationwide organization of banking and financial regulators from all 50 states and U.S. territories, has announced the appointment of Midland States Bancorp (Nasdaq:MSBI) CEO Leon Holschbach to serve a two-year term on the organization’s Bankers Advisory Board. Mr. Holschbach was recommended for appointment by his home state bank commissioner Secretary Bryan A. Schneider of the Illinois Depar... 
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09/20/16Midland States Bancorp to Participate in the 6th Annual Stephens Bank CEO Forum
EFFINGHAM, Ill., Sept. 20, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that Leon J. Holschbach, President and Chief Executive Officer, and Jeffrey G. Ludwig, Executive Vice President and Chief Financial Officer, will participate in the 6th Annual Stephens Bank CEO Forum on September 21, 2016 in Little Rock, AR.  During the conference, the management team will hold a series of meetings with institutional investors. A copy of the investor presentation t... 
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08/01/16Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.18 Per Share
EFFINGHAM, Ill., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.18 per share.  The dividend is payable on or about August 19, 2016 to all shareholders of record as of the close of business on August 12, 2016. About Midland State Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareh... 
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07/29/16Midland States Bancorp to Participate in 2016 KBW Community Bank Investor Conference
EFFINGHAM, Ill., July 29, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that Leon J. Holschbach, President and Chief Executive Officer, and Jeffrey G. Ludwig, Executive Vice President and Chief Financial Officer, will participate in the 2016 Keefe, Bruyette & Woods Community Bank Investor Conference on August 2-3, 2016 in New York City.  During the conference, the management team will hold a series of meetings with institutional investors. A copy of... 
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07/28/16Midland States Bancorp, Inc. Announces 2016 Second Quarter Results
Second Quarter 2016 Summary Successful initial public offering raises net proceeds of $71.7 million Net income of $6.8 million, or $0.50 diluted earnings per share Total loans increased $145 million, or 28.8% on an annualized basis Non-interest income of $14.0 million, or 33.4% of total revenue Return on average assets of 0.89%; Return on average equity of 10.18% EFFINGHAM, Ill., July 28, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI)... 
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07/14/16Midland States Bancorp, Inc. to Announce Second Quarter 2016 Financial Results on Thursday, July 28
Conference call and webcast to be held on Friday, July 29 EFFINGHAM, Ill., July 14, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its second quarter 2016 financial results after market close on Thursday, July 28, 2016. Midland States Bancorp will also host a conference call and webcast at 7:30 a.m. Central Time on Friday, July 29, 2016 to discuss its financial results.  Analysts and investors may participate in the question-and-answe... 
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07/05/16Midland States Bank Announces Expansion in Colorado Springs, Colorado and Appointment of Kristie Bender as Market President
EFFINGHAM, ILLINOIS – July 5, 2016 – Midland States Bank is pleased to announce the expansion of its commercial banking team and new location in the Colorado Springs, Colorado, market. The Bank also announced the appointment of Kristie Bender as Market President with the hiring of Jon Hollman and Doug Brewer as Commercial Relationship Managers. Midland's commercial banking group serves a wide range of customers with customized financing to meet various types of business needs. The team of... 
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06/20/16Midland States Bancorp, Inc. Set to Join Russell 3000 Index
EFFINGHAM, Ill., June 20, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the Russell US Indexes annual reconstitution, effective after the US market opens on June 27th, according to a preliminary list of additions posted on June 10th by FTSE Russell. According to information provided by FTSE Russell, annual reconstitution of the Russell US indexes captures the 4,000 largest ... 
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06/08/16Midland States Bank Hires Cynthia Carr as Director of Information Security and IT Governance
EFFINGHAM, ILLINOIS – June 8, 2016 – Midland States Bank announced that it has hired Cynthia Carr as its Director of Information Security and IT Governance. Carr joins Midland after spending more than 25 years in various IT leadership and delivery positions. At Midland, Carr will be responsible for the development and implementation of an expanded Information Security and IT Governance roadmap and execution plan. “We are pleased to have Cynthia join Midland and bring her wealth of expe... 
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06/06/16Midland States Bancorp, Inc. Announces Exercise and Closing of Over-Allotment Option for Initial Public Offering
EFFINGHAM, Ill., June 06, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that the underwriters of Midland’s initial public offering have exercised in full their option to purchase 545,813 additional shares of common stock from Midland at the initial public offering price less the underwriting discount.  As a result, Midland has received aggregate net proceeds of approximately $71.8 million from the initial public offering, after deducting underwriting disco... 
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05/24/16Midland States Bancorp, Inc. Announces Pricing of Initial Public Offering
EFFINGHAM, Ill., May 24, 2016 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today the pricing of its initial public offering of 3,638,755 shares of its common stock, including 3,044,252 shares sold by Midland and 594,503 shares sold by selling shareholders, at a public offering price of $22.00 per share. The underwriters have a 30-day option to purchase up to an additional 545,813 shares from Midland at the public offering price less the underwriting discount. The sh... 
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05/11/16Midland States Bancorp, Inc. Launches Initial Public Offering
EFFINGHAM, ILLINOIS – May 11, 2016 – Midland States Bancorp, Inc. announced today that it has commenced an initial public offering of 3,865,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission.  Midland is offering 3,077,252 shares and selling shareholders are offering 787,748 shares.  It is expected that the underwriters will have a 30-day option to purchase up to an additional 579,750 shares from Midlan... 
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05/10/16Midland States Bank Wealth Management Hires Wealth Advisor Steven Olsen
EFFINGHAM, ILLINOIS – May 10, 2016 – Midland States Bank announced today that Steven J. Olsen has joined its Wealth Management Group as a Wealth Advisor and Financial Planner. He will be located at its Rockford, Illinois office to help serve the bank's growing client base in northern Illinois and southern Wisconsin.Olsen, an accomplished Wealth Advisor and Financial Planner with over 22 years of experience, has been associated with a Wisconsin-based bank since 1994. In his new role with Midland,... 
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04/21/16Midland States Bank Hires Cristina Ciorna as Training Director
EFFINGHAM, ILLINOIS – April 21, 2016 – Midland States Bank has recently hired Cristina Ciorna, a Learning and Development professional with over 9 years experience in designing and executing programs that elevate employee knowledge, productivity and engagement, to the position of Training Director.Since 2006, Ciorna had worked for a large Southern California utility company with her most recent responsibility as Employee Development Manager, where she worked to develop learning solutions for its... 
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04/20/16Midland States Bank Hires John Theisinger as Market President
EFFINGHAM, ILLINOIS – April 20, 2016 – Midland States Bank has recently hired John R. Theisinger to the position of Market President with responsibilities over the Peru, Princeton and Mendota, Illinois markets. Theisinger brings over two decades of experience in retail and commercial banking to Midland. He was previously associated with a regional bank serving as Senior Vice President and Commercial Loan Officer. In his new role, Theisinger will lead the sales and management activities to suppo... 
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04/11/16Midland States Bancorp, Inc. Files Registration Statement for Proposed Initial Public Offering
EFFINGHAM, ILLINOIS – April 11, 2016 – Midland States Bancorp, Inc. announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Midland has applied to list its common stock on the NASDAQ Global Market under the ticker symbol "MSBI."Sandler O'Neill + Partners, L.P. and Keefe, Br... 
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03/28/16Midland States Bank Hires Abraham Rezex as Regional Mortgage Sales Manager in St. Louis
EFFINGHAM, ILLINOIS – March 28, 2016 – Midland States Bank announced the hiring of Abraham Rezex as Regional Mortgage Sales Manager for the St. Louis and Missouri market areas. Rezex brings 20 years of management experience in the St. Louis financial services industry, including retail banking, residential and commercial lending, and international business development. In this role, Rezex will lead Midland's mortgage residential sales team, which has continued to grow in recent years. "As we con... 
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03/02/16Jeff Ludwig Promoted to President and Jeff Mefford to Executive Vice President of Midland States Bank
EFFINGHAM, ILLINOIS – March 2, 2016 – Leon J. Holschbach, Vice Chairman and Chief Executive Officer of Midland States Bank, announced today that Jeffrey G. Ludwig has been promoted to President of Midland States Bank, and Jeffrey S. Mefford has been promoted to Executive Vice President of Community Banking. Holschbach, who will retain the positions of Vice-Chair and CEO of the bank and Vice-Chair, President and CEO of Midland States Bancorp, Inc., the parent company of the bank, commented, ... 
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02/23/16Midland to Acquire Trust Department with $400 Million of Assets under Administration from New York-based Sterling National Bank
EFFINGHAM, ILLINOIS AND YONKERS, NEW YORK – February 23, 2016 – Midland States Bank and Sterling National Bank announced today that they have entered into a definitive agreement for Midland States Bank to acquire approximately $400 million in wealth management assets from Sterling National Bank of Yonkers, New York, with an expected transaction closing date in the second or third quarter of 2016.The wealth management assets to be acquired were from Hudson Valley Bank, which merged with Sterling ... 
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02/11/16Midland States Bank Promotes Frederick to Director of Retail Banking and Hires Skinner to Regional Retail Manager Position
EFFINGHAM, ILLINOIS – February 11, 2016 – Midland States Bank announced the promotion of Chuck Frederick to Director of Retail Banking for its retail banking footprint, and appointed his David Skinner to the position of Regional Retail Banking Center Manager for the St. Louis market area.In his new role, Frederick will be responsible for the development and sales management of Midland’s retail and small business banking products and services. Additionally, he will be instrumental in expanding th... 
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01/14/16Midland States Bank Foundation Announces $49,200 in Contributions to Area Organizations
EFFINGHAM, ILLINOIS – January 14, 2016 – The Midland States Bank Foundation today announced contributions totaling $49,200 to four organizations, including Champaign Parks Foundation, Presence Healthcare of Urbana, Centralia Cultural Society and Effingham County Cultural Center and Museum.The Champaign Parks Foundation is the recipient of a $15,000 contribution to support the Youth Scholarship Program, which provides families the opportunity to get their children involved in fun and safe program... 
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01/08/16Midland States Bank Helps to Improve Safety at Senior Community in Joliet
Senior Crimestoppers Charter Presentation to be held on January 27, 2016, at 1:00 pm at Marycrest Village, 2115 Marmion Avenue in Joliet, Illinois.JOLIET, ILLINOIS – January 8, 2016 – Residents of Marycrest Village in Joliet, Illinois, will live in a safer and even more secure environment with the help of Midland States Bank in Joliet.  In 2013, Midland States Bank joined the Senior Housing Crime Prevention Foundation, Inc., and continues to help protect seniors by funding Senior Crimest... 
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