Diversified financial services company providing banking, commercial lending, wealth management, and insurance services.
Midland States Bancorp, Inc. serves as a prominent financial holding company overseeing Midland States Bank, which delivers a comprehensive array of banking products and services to individuals, businesses, municipalities, and other entities. Established in 1881 and headquartered in Effingham, Illinois, Midland States Bancorp operates through distinct segments including Banking, Wealth Management, and Other services. The company offers a diverse range of deposit products such as checking accounts, savings accounts, money market accounts, sweep accounts, and certificates of deposit.
Central to its banking operations, Midland States Bancorp provides a robust suite of lending solutions tailored to meet various financial needs. These include term loans for capital equipment purchases, lines of credit for working capital and operational purposes, and commercial real estate loans catering to owner-occupied and non-owner-occupied properties, including farmland loans. The bank also engages in construction and land development financing for commercial and residential projects, along with residential real estate loans and home equity lines of credit.
In addition to its core banking services, Midland States Bancorp offers consumer installment loans for vehicles, boats, and recreational vehicles, as well as financing for home improvement projects. The company further enhances its customer offerings through trust and wealth management products, encompassing financial and estate planning, investment management, corporate retirement plan consulting, and retail brokerage services. While the company excels in traditional banking and wealth management services, there is no specific information available regarding its involvement with cryptocurrencies at present. As financial technologies continue to evolve, institutions like Midland States Bancorp may explore opportunities related to digital assets and blockchain technology to enhance service offerings and meet the evolving needs of their diverse clientele.