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Press Release

Midland States Bank Treasurer Selected as Charter Member of FHLB Advisory Committee

EFFINGHAM, ILLINOIS – March 17, 2014 – Michael Karibian, Corporate Treasurer for Midland States Bank, has been selected to serve as a charter member of the Federal Home Loan Bank of Chicago (FHLB) Member Advisory Committee.

The new FHLB Member Advisory Committee was created to provide member banks with collaborative perspectives to enhance the products and services offered to member financial institutions. The FHLB represents the largest collective source of home mortgage and community loan funding in the United States and helps provide its member banks the ability to offer flexible and affordable mortgage and lending programs.

Leon J. Holschbach, President and CEO of Midland States Bank, commented, “Michael’s experience and knowledge makes him a perfect selection for this role. Appointments like Michael’s reaffirms the exceptional level of talent Midland has been able to attract and retain in building a growing and dynamic company.”

Committee members were selected to represent diverse financial industry skill sets and disciplines. Karibian, an accomplished corporate treasury management professional, is experienced in evaluating market trends and economic conditions, as well as credit and collateral policies and practices.  The committee will be made up of 15 to 20 active members who will each serve a three-year term.

Karibian holds the titles of Certified Public Accountant (inactive) and Certified Management Accountant and has worked in the financial services industry for over 30 years.

About Midland States Bank
Midland States Bank is rated “5 Stars” by Bauer Financial, a rating reserved for only the strongest financial institutions in the U.S.  Midland has assets of approximately $1.7 billion and Midland Wealth Management has assets under administration of more than $1.1 billion. Established in 1881 in Effingham, Illinois, Midland States Bank provides a full range of commercial and consumer banking products, trust and investment management, insurance, and financial planning services.  As a community banking institution, Midland States Bank prides itself on establishing and maintaining relationships with its customers and is committed to serving the financial needs of the communities it serves.  For additional information, visit http://www.midlandsb.com.

Cindy Hall
Marketing Specialist
(815) 622-1342

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