Midland States Bank

Overview / Commentary
1201 Network Centre Drive
Effingham, IL 62401

Midland States Bank is headquartered in Effingham and is the 7th largest bank in the state of Illinois. It is also the 208th largest bank in the nation. It was established in 1881 and as of March of 2021, it had grown to 899 employees at 61 locations. Midland States Bank has an A health rating.

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Reviews (4)

Gotta Go.

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We talked to a gal that failed to inform us all branches closed at noon today. It was after noon when we called. We were asking where an open branch was. I don't know who I talked to or where she was but we called the number for the. Bradley branch. We ended up driving 120 miles back and forth out of our way. Going bank shopping soon

Check Your Statements

Posted by: |

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 - YTD1.17%
Return on Equity - YTD10.37%
Annual Interest Income$60.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$6.87B$6.19B
LoansQ1 2021vs Q1 2020$4.90B$4.45B
DepositsQ1 2021vs Q1 2020$5.41B$4.70B
Equity CapitalQ1 2021vs Q1 2020$777.1MM$792.6MM
Loan Loss AllowanceQ1 2021vs Q1 2020$62.7MM$38.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$47.9MM$52.8MM
Real Estate OwnedQ1 2021vs Q1 2020$20.3MM$7.9MM

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



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