Midland States Bancorp Priced, Nasdaq: MSBI

Midwestern bank with 81 locations and $2.9 billion in assets.

Industry: Financials

Latest Trade: $32.51 0.00 (0.0%)

First Day Return: -0.5%

Return from IPO: +47.8%

Industry: Financials

Midland States Bancorp, Inc. is a diversified financial holding company headquartered in Effingham, Illinois. Our 135-year old banking subsidiary, Midland States Bank, has branches across Illinois and in Missouri and Colorado, and provides a broad array of traditional community banking and other complementary financial services, including commercial lending, residential mortgage origination, wealth management, merchant services and prime consumer lending. Our commercial Federal Housing Administration origination and servicing business, based in Washington, D.C., is one of the top originators of government sponsored mortgages for multifamily and healthcare facilities in the United States. Our commercial equipment leasing business, based in Denver, provides financing to business customers across the country. As of March 31, 2016, we had $2.9 billion in assets, $2.4 billion of deposits and $238.6 million of shareholders' equity.
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IPO News for Midland States Bancorp
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IPO Data
IPO File Date 04/11/2016
Offer Price $22.00
Price Range $22.00 - $24.00
Offer Shares (mm) 3.6
Deal Size ($mm) $80
IPO Data
IPO Date 05/23/2016
Offer Price $22.00
Price Range $22.00 - $24.00
Offer Shares (mm) 3.6
Deal Size ($mm) $80
Underwriters
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Company Data
Headquarters Effingham, IL
Founded 1881
Employees 700
Website www.midlandsb.com