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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Thu., Feb. 25, 10:18 PM

Slide #77. Midland States Bancorp, Inc. ATG Trust Company

Acquirer: Midland States Bancorp, Inc. (NASDAQ:MSBI)
Acquiree: ATG Trust Company
Details: Midland States Bancorp, Inc. (NASDAQ: MSBI) today announced that Midland States Bank, its wholly-owned bank subsidiary, has signed an agreement to purchase substantially all of the trust assets of ATG Trust Company ("ATG Trust"), a trust company based in Chicago with approximately $387 million in assets under management and annual revenue of approximately $3.5 million. The transaction increases the size of Midland's Wealth Management group to more than $3.8 billion in assets under administration and more than 90 financial professionals.

Midland States Bancorp is a financial holding company. Through its banking subsidiary, Midland States Bank, Co. provides a range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. Commercial lending products include owner occupied commercial real estate loans, commercial real estate investment loans, commercial loans, real estate construction loans, multifamily loans and loans to purchase farmland and finance agricultural production. Co. provides depository products, including checking, savings, money market and certificates of deposits.

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Company Name:  Midland States Bancorp Inc
Stock buyback:  MSBI buyback
Website:  www.midlandsb.com
Sector:  Banking & Savings
Number of ETFs Holding MSBI:  20
Total Market Value Held by ETFs:  $47.74M
Total Market Capitalization:  $516.00M
% of Market Cap. Held by ETFs:  9.25%
 

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February 25, 2021    10:18 PM Eastern
Quotes delayed 20 minutes



Hold (2.50 out of 4)
10th percentile
(ranked lower than approx. 90% of all stocks covered)

Analysts' Target Price:
MSBI Stock Forecast

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