About Midland States Bank
Midland States Bank is a company based in Effingham (United States) founded in 1881.. Midland States Bank has raised $102.44 million across 9 funding rounds. The company has 896 employees as of December 31, 2024. Midland States Bank has completed 7 acquisitions, including ATG Trust, Bank Alpine and CedarPoint Investment Advisors. Midland States Bank offers products and services including Totally Free Checking, Personal Loans, High Yield Checking, and Mortgage Loans. Midland States Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Effingham, United States
- Employees 896 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Midland States Bancorp, Inc.
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Annual Revenue
$453 M0as on Dec 31, 2025
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Net Profit
$-124.28 M0as on Dec 31, 2025
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EBITDA
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Total Equity Funding
$102.44 M (USD)
in 9 rounds
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Latest Funding Round
$100 M (USD), Debt – Conventional
Sep 20, 2019
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Investors
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Employee Count
896
as on Dec 31, 2024
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Investments & Acquisitions
ATG Trust
& 6 more
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IPO & Listings of Midland States Bank
Midland States Bank is a publicly listed company on the NASDAQ with ticker symbol MSBI in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Midland States Bank
Midland States Bank offers a comprehensive portfolio of products and services, including Totally Free Checking, Personal Loans, High Yield Checking, and Mortgage Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Free account with no minimum balance or service charges.
Loans for personal financial needs and expenses.
Interest-earning account for higher returns on deposits.
Home financing options including conventional and adjustable rates.
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Funding Insights of Midland States Bank
Midland States Bank has successfully raised a total of $102.44M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(11 Jun 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Debt – Conventional - Midland States Bank | Valuation |
investors |
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| Oct, 2017 | Amount | Post-IPO - Midland States Bank | Valuation |
investors |
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| Jun, 2015 | Amount | Debt – Conventional - Midland States Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Midland States Bank
Midland States Bank has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include ATG Trust, Bank Alpine and CedarPoint Investment Advisors. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Diversified investment management services are offered to clients.
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2009 | ||||
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Home loans provider
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2002 | ||||
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Financial investments are managed by ATG Trust firm.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Midland States Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Midland States Bank Comparisons
Competitors of Midland States Bank
Midland States Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Midland States Bank
Frequently Asked Questions about Midland States Bank
When was Midland States Bank founded?
Midland States Bank was founded in 1881 and raised its 1st funding round 128 years after it was founded.
Where is Midland States Bank located?
Midland States Bank is headquartered in Effingham, United States. It is registered at Effingham, Illinois, United States.
Who is the current CEO of Midland States Bank?
Holschbach Leon is the current CEO of Midland States Bank.
Is Midland States Bank a funded company?
Midland States Bank is a funded company, having raised a total of $102.44M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $55.33M, raised on Jun 11, 2009.
How many employees does Midland States Bank have?
As of Dec 31, 2024, the latest employee count at Midland States Bank is 896.
What is the annual revenue of Midland States Bank?
Annual revenue of Midland States Bank is $453M as on Dec 31, 2025.
What does Midland States Bank do?
Midland States Bank was established in 1881 in Effingham, United States, as a commercial bank. Operations focus on deposit accounts, loans, and financial services for commercial and retail clients. The institution is headquartered in Illinois and serves communities across the Midwest region. Leadership is provided by CEO and President Leon Holschbach. Standard banking regulations are followed to support economic activities in the area.
Who are the top competitors of Midland States Bank?
What products or services does Midland States Bank offer?
Midland States Bank offers Totally Free Checking, Personal Loans, High Yield Checking, and Mortgage Loans.
Is Midland States Bank publicly traded?
Yes, Midland States Bank is publicly traded on NASDAQ under the ticker symbol MSBI.
How many acquisitions has Midland States Bank made?
Midland States Bank has made 7 acquisitions, including ATG Trust, Bank Alpine, and CedarPoint Investment Advisors.
What is Midland States Bank's ticker symbol?
The ticker symbol of Midland States Bank is MSBI on NASDAQ.