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Illinois regulator approves Midland States/Alpine Bancorp. deal

The Illinois Department of Financial and Professional Regulation on Jan. 31 approved Effingham, Ill.-based Midland States Bancorp Inc.'s pending acquisition of Belvidere, Ill.-based Alpine Bancorp. Inc.

The state regulator also approved the merger of Alpine Bank & Trust Co. into Midland States Bank.

Earlier in the same month, the Federal Reserve Bank of St. Louis also approved the deal.