Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a financial holding company for Midland States Bank. It provides a range of banking products and services to individuals, businesses, municipalities, and other entities. The company operates through two segments: Banking and Wealth Management. Its loan portfolio includes commercial loans, commercial real estate loans (covering owner-occupied offices, warehouses, production facilities, office buildings, hotels, mixed-use properties, retail centers, multifamily properties, assisted living facilities, and farmland), construction and land development loans, and residential real estate loans (first and second mortgages, home equity lines of credit). It also offers commercial equipment leasing. On the deposit side, it provides checking, savings, money market, certificates of deposit, and sweep accounts. Wealth management services include financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage.

Midland States Bancorp, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol MSBI. Its shares are traded in U.S. dollars (USD), reflecting its primary operations in the United States. The company's financial reporting and stock price are denominated in USD, which is standard for U.S.-based financial institutions listed on major U.S. exchanges.

Midland States Bancorp operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank, it focuses on serving local communities and businesses in its geographic footprint, offering traditional banking products like loans and deposits, as well as wealth management services. Regional banks typically have a more localized customer base compared to large national or global banks, and they play a key role in supporting small to midsized businesses and individual clients in their regions.

Midland States Bancorp is headquartered in Effingham, Illinois, United States. The company serves individuals, businesses, municipalities, and other entities primarily in its local and regional markets. While the provided data does not specify the exact geographic footprint, its status as a regional bank suggests it operates branches and serves customers mainly within Illinois and possibly neighboring states. The bank's history dates back to 1881, indicating a long-standing presence in the community.

Midland States Bancorp generates revenue primarily through its Banking and Wealth Management segments. In the Banking segment, it earns interest income from its loan portfolio, which includes commercial loans, commercial real estate loans, construction and land development loans, residential real estate loans, and commercial equipment leasing. It also earns fee income from depository products such as checking, savings, money market, certificates of deposit, and sweep accounts. The Wealth Management segment generates revenue through fees for services like financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage. This diversified model allows the company to earn both net interest income and non-interest income.