Overview / Commentary
1201 Network Centre Drive
Effingham, IL 62401

Midland States Bank is headquartered in Effingham and is the 11th largest bank in the state of Illinois. It is also the 237th largest bank in the nation. It was established in 1881 and as of June of 2018, it had grown to 936 employees at 61 locations. Midland States Bank has an A+ health rating.

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Reviews (3)

Check Your Statements

Posted by: EricSelin | Oct 3, 2018

Opened a no-fee checking account ($500 min.) in April with Alpine Bank in Rockford. Shortly after Midlands State Bank acquired Alpine. Check your "FREE" checking account statements because you are now charged a $6 service charge. Must be for protecting my $500. ZERO STARS

Advertised The Use Of Charitable Trust Funds To Give The Impression It Was A Corporate Sponsorship

Was at a charity banquet in Rockford in the Spring and when I opened the program their was a full page ad promoting a gift from a Charitable Trust from their trust department with a giant logo and advertising how theiy were the trustee's and how great they were.  All the fat cats in  the Trust department got a sponsors table, etc. 

The only thing was, the money came from the one of trust funds, not the Bank!!  I can imagine the gall.  If it were my family charitable trust why would I want the bank hogging the glory.  They didn't donate any money to the charity, they just showed up for the fancy dinner!!

Guess thats what you can expect from a podunk bank.

Bad Midland Experiences

My husband and I have struggled along with this bank for far too long.  I am about to move all of our accounts, adding to the amazing decrease in deposits I see that they have had.  Here are a few reasons why:  rude tellers, changing current accounts from one type to another, with increased rates and fees, mistakes for which they were unapologetic.  I was coming in to transfer money from one account to another because I hadn't ordered checks for the one account.  One day I got two pads of checks in the mail and my account was charged $20 for them.  For TWO pads of checks!  Obviously whomever ordered them without our knowledge or permission, ordered the most expensive ones available.  The final straw was the third time we were charged overdraft fees when our account was not overdrawn.  I called the main bank instead of our branch.  After I explained the situation, the lady who answered my call said she would have to check into it and get back to me even though she could clearly see online that my account was never in the negative.  She called back and stumble, mumbled around trying to defend the charges, saying something about a debit for gas that the seller had reserved twice before it was hardposted.  The problem was, that debit was made on the same day as a large deposit.  I really couldn't believe my ears.  Were they really doing this?!  We called our branch (we've learned who to talk to there and who not to) and were told that there were problems with the software (which they have just changed) and she immediately refunded the charges.  These people don't care about the "little" depositors.  No more Midland States Bank headaches for me.


Health Grade Components

FDIC Certificate #1040
Year Established1881
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.48%
Annual Interest Income$86.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$4.44B$3.47B
LoansQ2 2018vs Q2 2017$3.34B$2.52B
DepositsQ2 2018vs Q2 2017$3.07B$2.62B
Equity CapitalQ2 2018vs Q2 2017$553.7MM$388.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$18.2MM$15.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$27.3MM$29.0MM
Real Estate OwnedQ2 2018vs Q2 2017$3.9MM$2.3MM

Sorry, we do not have rate data for Midland States Bank.



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