Nasdaq Community Banking Spotlight on Midland States Bank
Committed to Growth and Community Involvement
We’re excited to share that we’ve been recognized for our commitment to growth and community involvement in the Nasdaq Banking Spotlight. This recognition is a testament to the work our team does to provide ongoing support to the neighborhoods and towns we operate in.
Banking with a Heart for Communities
At Midland States Bank, we place a strong emphasis on not just meeting the financial needs of our customers but also striving to empower their growth and success. Our team is humbled and honored to have received recognition for our efforts in driving positive change and making a lasting impact on the communities we serve.
Key Takeaways from the Nasdaq Banking Spotlight
• The mission of Midland States Bank has remained focused on serving customers where, when, and how they want, with a strategic plan to achieve greater scale, increase the product range, and enhance services.
• The bank successfully transitioned from a growth-oriented mindset to a focus on efficiency, leveraging IT investments and streamlining processes, including account openings and online mortgage applications.
• Community involvement is considered vital for a regional bank, and Midland States Bank actively engages in various initiatives to better the communities it serves.
• The Midland Foundation donates a portion of earnings to non-profit organizations chosen by employees, supporting projects with a high impact on community health, safety, and well-being.
• The Community Investment Impact Statement helps assess community needs, providing financial assistance to non-profits and direct support to families through programs like financial literacy and home repair loans.
• As a publicly traded company, Midland States Bank has gained increased liquidity for shareholders, access to capital, and enhanced credibility with potential larger customers.
• Adjustments have been made over the years as a public company, such as selling the FHA lending business to focus on opportunities better aligned with investor preferences.
• The ideal Midland States Bancorp, Inc. customer values both the personalized touch and digital excellence offered by the bank, while also being committed to supporting the shared communities, which drives customer loyalty.
A Little About Us
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. Established in 1881, Midland States Bank is a well-capitalized community bank taking pride in maintaining strong relationships with its customers and is committed to serving the financial needs of its communities. Midlands State Bancorp, Inc. has been listed on Nasdaq since 2016 and trades under the symbol “MSBI”.
Read the full article and get insights from President and CEO Jeffrey G. Ludwig on what sets Midland States Bank apart and makes it truly unique.
