Midland States Bancorp, Inc. Announces Cash Dividends
Midland States Bancorp, Inc. (NASDAQ: MSBI), a prominent community-based financial institution, has made headlines by declaring a quarterly cash dividend. The Board of Directors has confirmed a dividend of $0.31 per share for its common stock. This dividend is set to be payable on a forthcoming date, benefiting all shareholders who hold their shares until a specified cut-off date.
Details of the Common Stock Dividend
The decision to issue a $0.31 dividend showcases the company’s ongoing commitment to returning value to its investors. Shareholders can expect to see this payment reflected in their accounts as the company continues to bolster its standing in the community and financial markets.
Preferred Stock Dividend Confirmation
In addition to the common stock dividend, the Board has also declared a cash dividend of $0.4844 per depository share on its esteemed 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. This rate reflects the company’s robust financial health while ensuring that preferred shareholders also benefit from the company’s success.
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is recognized as a community-focused financial holding company, consistently striving to meet the banking needs of individuals and businesses alike. With its headquarters located in Effingham, the company operates as the only shareholder of Midland States Bank. As of a recent financial assessment, the Company boasts total assets nearing $7.46 billion.
Financial Performance and Services Offered
The Wealth Management Group under Midland States Bancorp manages assets totaling approximately $4.10 billion, reflecting the trust that clients place in its financial expertise. The company excels in offering a comprehensive suite of services, including commercial and consumer banking products, equipment financing, and merchant credit card services. Additionally, they provide trust and investment management alongside insurance and financial planning services, positioning themselves as a versatile partner for financial growth.
Corporate Vision and Strategy
Midland States Bancorp’s strategic approach emphasizes community involvement and customer satisfaction. The organization understands the importance of engaging with its client base, which has proven essential for fostering loyalty and trust. Their ongoing initiatives aim to enhance the banking experience while expanding their reach in the industry.
Contact Information
For inquiries or further information, interested individuals can reach out to Eric T. Lemke, the Chief Financial Officer. He can be contacted via email at elemke@midlandsb.com or by phone at (217) 342-7321.
Frequently Asked Questions
What is the cash dividend amount declared by Midland States Bancorp?
The company declared a quarterly cash dividend of $0.31 per share for its common stock.
When will the dividends be paid?
The dividends will be payable on specified future dates to shareholders who hold their shares before the announced cut-off date.
What services does Midland States Bancorp offer?
They provide a full range of banking products, including equipment financing, merchant services, and various wealth management solutions.
How is Midland States Bancorp positioned financially?
As of a latest assessment, Midland States Bancorp has total assets approximating $7.46 billion, demonstrating its solid footing in the financial sector.
How can I contact Midland States Bancorp for more information?
Inquiries can be directed to Eric T. Lemke at elemke@midlandsb.com or by calling (217) 342-7321.
