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

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Midland States Bank

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

Related Lists for Illinois Companies

Largest Illinois Companies , Acquisitive Illinois Companies , Recently Acquired Illinois Companies , Recently Sold Illinois Companies , Private Illinois Companies , Public Illinois Companies , Acquired Illinois Companies , PE Backed Illinois Companies

Related Lists for Financial Services Companies

Largest Financial Services Companies , Acquisitive Financial Services Companies , Recently Acquired Financial Services Companies , Recently Sold Financial Services Companies , Private Financial Services Companies , Public Financial Services Companies , Acquired Financial Services Companies , PE Backed Financial Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal