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Midland States Bancorp closes Centrue buy

Midland States Bancorp Inc. on June 9 closed its acquisition of fellow Illinois-based community bank Centrue Financial Corp.

The deal, for which Midland paid approximately $61.0 million and issued 3,219,238 common shares, 181 series G preferred shares and 2,635.5462 series H preferred shares, brings the buyer's total assets to $4.5 billion.