Daily Stock Analysis, MSBI, Midland States Bancorp Inc, priceseries

Midland States Bancorp, Inc. is a banking holding company. It operates through the following business segments: Banking, Commercial Federal Housing Administration Origination and Servicing, and Other. The Banking segment provides financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Commercial Federal Housing Administration Origination and Servicing segment refers to origination and servicing of government sponsored mortgages for multifamily and healthcare facilities. The Other segment includes operating results of the parent company and wealth management business unit. The company was founded in 1988 and is headquartered in Effingham, IL.

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits. Its loan portfolio comprises commercial lending products consisting of owner occupied commercial real estate loans, commercial real estate investment loans, real estate construction loans, multifamily loans, and loans to purchase farmland and finance agricultural production, as well as commercial loans, such as business term loans, equipment financing, and lines of credit; and residential first and second mortgage loans, and home equity lines of credit, as well as consumer installment loans, including loans to purchase cars, boats, and other recreational vehicles. The company also engages in the origination of residential first-and second-lien mortgage loans for sale into the secondary market. In addition, it provides trust and wealth management services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. Further, the company offers merchant credit card processing and related services; insurance services; and commercial equipment leasing services, as well as originates commercial mortgage loans for multifamily and healthcare facilities. It operates approximately 81 locations in the United States. The company was founded in 1881 and is headquartered in Effingham, Illinois.