trending Market Intelligence /marketintelligence/en/news-insights/trending/gIX0W5bGA93-PEbiIJEmng2 content esgSubNav
In This List

Midland States buying Alpine for $181M


Banking Essentials Newsletter: September Edition, Part - 2


S&P Capital IQ Pro | Unrivaled Sector Coverage


S&P Capital IQ Pro | Powering Your Edge


Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Midland States buying Alpine for $181M

In Illinois, Effingham-based Midland States Bancorp Inc. will acquire Belvidere-based Alpine Bancorp. Inc. for approximately 4.5 million Midland shares and $33.3 million in cash.

Based on Midland's closing price of $33.10 on Oct. 13, the deal has an implied value of approximately $181.0 million.

After completion, the combined company will have total assets of approximately $6.0 billion and a wealth management business with almost $3.0 billion in assets under administration.

Details to follow...