trending Market Intelligence /marketintelligence/en/news-insights/trending/4SMbB5k1mGp91LX2tx7xqQ2 content esgSubNav
In This List

Midland States Bancorp files mixed shelf

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Midland States Bancorp files mixed shelf

Effingham, Ill.-based Midland States Bancorp Inc. filed a shelf registration statement for the potential sale of various securities from time to time.

The filing covers the sale of an unspecified amount of nonvoting common stock, preferred stock, debt securities, warrants and units that may be offered by Midland States Bancorp.

The registration statement also covers the resale of up to 1,191,020 shares of the company's common stock by selling shareholders, which include the Richard E. Workman 2001 Trust and former shareholders of HomeStar Financial Group Inc., which Midland States Bancorp acquired in July. The proposed maximum offering price listed in the filing for shares offered by selling securityholders was $25.31 per share.

Unless otherwise stated in the prospectus supplement, Midland States Bancorp will use the net proceeds from the sale of any securities it offers for general corporate purposes, which may include investments in or advances to its subsidiaries, working capital, capital expenditures, stock repurchases, debt repayment or the financing of possible acquisitions. The company will not receive any proceeds from the sale of securities by selling securityholders.