Midland Trust Company Acquires ATG Trust Company
EFFINGHAM, ILLINOIS – June 1, 2021 – Midland Trust Company, a wholly-owned subsidiary of Midland States Bank and part of the Midland Wealth Management group, announced its acquisition of ATG Trust Company, a subsidiary of Attorneys’ Title Guaranty Fund, Inc. The transaction brings Midland Wealth Management’s group to approximately $4.1 billion in assets under administration and 90 financial professionals.
Established in 1998, ATG Trust Company was founded as a subsidiary of Attorneys’ Title Guaranty Fund, Inc. and is an independent trust company with the mission to provide creative, collaborative, and committed trust and estate administration.
Heath Sorenson, Chief Operating Officer of Midland Wealth Management and President of Midland Trust Company commented, “ATG Trust clients have experienced a highly competent trust team throughout its 22-year history. We are glad to have found knowledgeable, empathetic trust specialists to join our group and expand our presence in Chicago. We look forward to continuing to serve ATG’s clients with Kathy Van Eeuwen and her team.”
Midland Trust Company provides traditional trust and estate administration services and specializes in administering court-supervised guardianships and conservatorships for minors and disabled adults, 1st party and 3rd party special needs and supplemental needs trusts and other financial products for those receiving proceeds from personal injury or wrongful death lawsuits.
Midland Wealth Management is a trade name used by Midland States Bank and its subsidiary Midland Trust Company.
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2021, the Company had total assets of approximately $6.88 billion, and its Wealth Management Group had assets under administration of approximately $3.56 billion. Midland provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.