Press Release

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 lending professionals specializes in financing for commercial real estate, residential development and construction, equipment, facilities, business acquisition and debt refinancing.

"The expansion of a commercial loan office in the Colorado Springs area compliments our focus of building long-term client relationships. Our current Colorado Springs Mortgage operations continues to provide mortgage lending services, and now the addition of this office provides additional services to the commercial and business community," said Dan Stevenson, Regional Market President. "Kristie and her team have tremendous experience and share the same customer driven, personal service philosophy for which Midland is well known."

"Our team is extremely pleased to be joining Midland," commented Bender. "We are focused on providing customized financing options for small businesses and commercial companies. We work directly with business clients to assist them with their financial needs."

Bender has more than 29 years of commercial lending and financial experience, and for nearly two decades served as owner and president of a financing company focused on home builders and commercial developers in Colorado Springs. Bender has affiliations with the Colorado Springs Business Alliance as an Ambassador, Colorado Springs Housing and Building Association and Southern Colorado Women's Chamber of Commerce. She is also an active volunteer for CASA (Court-Appointed Special Advocates for Children).

Hollman has more than 20 years of banking experience and, prior to joining Midland, served as Vice President and Commercial Relationship Manager for a mid-sized Colorado area bank. Presently, Hollman participates as a Better Business Bureau Advocate and Regional Business Alliance Ambassador for Colorado Springs.

Brewer has more than 14 years of financial services experience and, most recently, served as Vice President–Senior Business Relationship Manager for a Colorado-based bank. Brewer has experience managing multi-million dollar loan portfolios with an emphasis on new business development.

The new commercial banking team is operating from their new office located at 121 S. Tejon Street, Suite 900, in Colorado Springs. They can be contacted by phone at 719-548-4744. Midland maintains a mortgage operations group in Colorado Springs, along with a full-service bank in Denver. Heartland Business Credit, a subsidiary of Midland, is a commercial equipment leasing provider operating in Lakewood, Colorado.

About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. (NASDAQ:MSBI) is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. Midland has assets of approximately $2.9 billion, and its Midland Wealth Management Group has assets under administration of approximately $1.2 billion as of March 31, 2016. Midland provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, and insurance and financial planning services. In addition, commercial equipment leasing services are provided through Heartland Business Credit, and multi-family and healthcare facility FHA financing is provided through Love Funding, Midland's non-bank subsidiaries. Midland has more than 80 locations across the United States. For additional information, visit www.midlandsb.com or follow Midland on LinkedIn at https://www.linkedin.com/company/midland-states-bank.

Contact:
Greg Pence
Director of Marketing
217-342-7381