Midland States Bancorp, Inc. Announces Pricing of $115 Million Offering of Depositary Shares

Effingham, Ill., Aug. 17, 2022 (GLOBE NEWSWIRE) –

It is with great excitement that Midland States Bancorp, Inc. has announced the pricing of a $115 million offering of depositary shares. This significant milestone marks a new chapter for the company and its shareholders.

A New Opportunity for Growth

The underwritten public offering of 4,600,000 depositary shares, each representing a 1/40th interest in a share of 7.75% Fixed-Rate, presents a unique opportunity for investors to participate in the growth and success of Midland States Bancorp, Inc. This offering demonstrates the confidence that investors have in the company’s future prospects.

As the holding company for Midland States Bank, Midland States Bancorp, Inc. plays a crucial role in providing financial services to individuals and businesses in the community. The success of this offering will enable the company to further expand its operations and continue serving its customers with excellence.

The announcement of this offering is a testament to the hard work and dedication of the team at Midland States Bancorp, Inc. Their commitment to delivering value to shareholders and customers alike has positioned the company for success in the competitive banking industry.

How This Announcement Will Affect You

For individual investors, this offering presents an opportunity to invest in a reputable financial institution and potentially earn returns on their investment. By purchasing depositary shares in Midland States Bancorp, Inc., investors can be part of the company’s growth story and benefit from its future success.

How This Announcement Will Affect the World

On a larger scale, the success of this offering reflects the overall health of the financial industry and the confidence that investors have in the market. As Midland States Bancorp, Inc. continues to grow and expand its operations, it contributes to the stability and growth of the economy as a whole.

Conclusion

The pricing of a $115 million offering of depositary shares by Midland States Bancorp, Inc. marks a significant moment in the company’s history. This announcement signals a new chapter of growth and opportunity for the company, its shareholders, and the community it serves. As Midland States Bancorp, Inc. moves forward with this offering, it is poised to achieve even greater success in the future.