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Midland States Bancorp Announces New Leadership, Rebranding and Expansion of its Equipment Leasing Business

MIDLAND STATES BANCORP (MSBI)  More Company Research Source: GlobeNewswire
Last midland states bancorp earnings: 7/26 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.midlandsb.com
PDF EFFINGHAM, Ill., Jan. 08, 2018 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that Fred Van Etten has joined Midland as President of the Company’s equipment finance business.  Mr. Van Etten joins Midland from Scottrade Financial Services, Inc., where he served as President of Scottrade Bank Equipment Finance.  Midland also announced that Heartland Business Credit, its equipment leasing subsidiary, will be rebranded as Midland Equipment Finance and operated as a division of Midland States Bank.   Leon J. Holschbach, Chief Executive Officer of the Company, said, “Since acquiring Heartland Business Credit as part of the Heartland Bank acquisition at the end of 2014, we have grown our leasing portfolio from approximately $115 million to more than $200 million today.  Now we are ready to further expand our equipment financing business as we continue to manage the overall growth of our balance sheet.  This expansion reflects our emphasis on the lending are [Read more]

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