Midland States Bancorp, Inc. Plans Initial Public Offering
Midland States Bancorp, Inc. ("Midland") is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. It has assets of approximately $3 billion and its Midland Wealth Management Group has assets under administration of approximately $1.2 billion as of December 31, 2015.
Midland has announced that it filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. It has applied to list its common stock on the NASDAQ Global Market. As BFKN previously posted, Midland plans to use more than $4 million in proceeds from the IPO to buy wealth management assets from Sterling Bancorp in Yonkers, New York.
Barack Ferrazzano's legal team was led by Dennis R. Wendte, along with Robert M. Fleetwood, Bill Fay and Emily N. Henkel. Executive Compensation and Benefits were handled by Donald L. Norman, Andy K. Strimaitis and K.C. Klagos.
Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country. Our M&A experience is unparalleled-over the past decade, with our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to SNL Financial. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2016 report.
Follow us on LinkedIn and @BFKNLaw.