Midland States Bank - M&A Summary and Business Overview

Financial ServicesCompany

Midland States Bank M&A Summary

Midland States Bank has acquired 3 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Midland States Bank’s largest acquisition to date was in 2017, when it acquired Alpine Bancorporation for $181M. Midland States Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Midland States Bank Business Overview

Where is Midland States Bank headquartered?

Midland States Bank is headquartered in Effingham, Illinois.

What is Midland States Bank’s revenue?

Midland States Bank disclosed revenue of 298M USD for 2023 and 322M USD for 2022.

How many employees does Midland States Bank have?

Midland States Bank has 878 employees.

What sector is Midland States Bank in?

Midland States Bank is a financial services company.

When was Midland States Bank founded?

Midland States Bank was founded in 1881.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Midland States Bank

Midland States Bancorp.

1201 Network Centre Drive,
Effingham, Illinois 62401
United States,
(217) 342-7321
www.midlandsb.com

Midland States Bancorp. is a provider of commercial and consumer banking products and services, merchant credit card services, trust and investment management, and insurance and financial planning services. In addition, commercial equipment leasing services are provided through Heartland Business Credit, and multi-family and healthcare facility FHA financing is provided through Love Funding, Midland's non-bank subsidiaries. Midland has more than 80 locations across the United States. Midland States was founded in 1881 and is based in Effingham, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $356M $356M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
HomeStar Financial Group, Inc. 2019-04-02 - Add-on Acquisition
Gainesville, Georgia · www.homestarfc.com
Alpine Bancorporation, Inc. 2017-10-16 181M USD Add-on Acquisition
Belvidere, Illinois
Centrue Financial Corp. 2017-01-26 175M USD Add-on Acquisition
Ottawa, Illinois · www.centrue.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 356M (100%) - -
Total 3 $356M - -

By Geo

State/Country Buy Value Sell Value
United States 3 356M - -
  Illinois 2 356M - -
  Georgia 1 - - -
Total 3 $356M - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
 2
Legal Deals
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN)
 3

Deal Values

buy # Total
$100M to $1B 2 $356M
TOTAL $356M
Largest Alpine Bancorporation, Inc.
$181M (2017-10-16)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)

Company Summary

SECTOR

Financial Services

Revenue

298   8% 2023
322   13% 2022
285   5% 2021
273   4% 2020
263   6% 2019
250   34% 2018
187   7% 2017
175   2016
(millions of USD) Show More Show Less

Employees

878

Established

1881

Public

NASDAQ: MSBI

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Illinois Companies , Financial Services Companies , United States Companies , Illinois Financial Services Companies , Illinois Financial Services with Acquisitions , Illinois Financial Services with Divestitures

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