Midland States Bancorp, a Midwestern bank with $2.9 billion in assets, filed on Monday with the SEC to raise up to $120 million in an initial public offering.
The Effingham, IL-based company was founded in 1881 and booked $164 million in net interest and non-interest revenue for the 12 months ended December 31, 2015. It plans to list on the Nasdaq under the symbol MSBI. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.
