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Midland States Bancorp completes $40M debt offering

Effingham, Ill.-based Midland States Bancorp Inc. has completed a $40 million debt offering, according to a Form D filed with the Securities and Exchange Commission on Oct. 31.

The offering was not made in connection with a merger, acquisition or exchange offer. The first sale took place Oct. 13. According to the document, five investors took part in the offering.

Keefe Bruyette & Woods Inc. was listed as a sales compensation recipient. Sales commissions totaled $600,000.

The company had about $4.35 billion in assets as of Sept. 30.