Midland States Bancorp (NASDAQ:MSBI) (NASDAQ: MSBI) is a bank holding company headquartered in Effingham, Illinois. Through its wholly owned subsidiary, Midland States Bank, the company offers a comprehensive suite of financial products and services to individuals, small- and medium-sized businesses, and municipalities. Its core offerings encompass commercial and consumer lending, deposit services, treasury and cash management, mortgage origination and servicing, and wealth management solutions.
Founded in 1905, the company has grown both organically and through strategic acquisitions to establish a presence across Illinois, Missouri, Wisconsin, and Florida. This regional footprint is supported by a network of community banking centers, lending offices, and digital channels designed to meet the evolving needs of its diverse customer base. Midland States Bancorp’s mortgage division originates residential loans nationwide, leveraging automated underwriting and in-house servicing expertise to maintain control over the borrower experience.
Midland’s corporate banking group provides customized financing solutions—including lines of credit, term loans, equipment financing, and real estate lending—to support business growth initiatives. The bank’s treasury management services include automated clearing house (ACH) transactions, wire transfers, lockbox processing, and online banking tools that help clients optimize liquidity and streamline day-to-day operations. Wealth management offerings, delivered through Midland Wealth Partners, cover investment advisory, trust services, retirement planning, and estate administration.
The company is led by President and Chief Executive Officer Michael A. O’Grady, supported by an experienced executive team and a board of directors with deep roots in community banking. Midland States Bancorp emphasizes strong risk management practices, local decision-making authority, and a customer-centric approach aimed at fostering long-term relationships. Through ongoing investments in technology and talent, the bank seeks to balance modern banking capabilities with the personalized service common to community financial institutions.
