Midland States Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About February 22, 2019; Elects Jeffrey G. Ludwig as a Director
February 05, 2019 at 04:30 pm
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On February 5, 2019, Midland States Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.2425 per share of its common stock, which represents an increase of 10.2% from the prior quarterly cash dividend of $0.22 per share. The dividend is payable on or about February 22, 2019, to shareholders of record on February 15, 2019.
On February 5, 2019, the Board of Directors of the company elected Jeffrey G. Ludwig as a director of the company. Mr. Ludwig, who is also President and Chief Executive Officer of the company, will serve as a Class II director, with a term expiring at the company's 2021 annual meeting of shareholders.
Midland States Bancorp, Inc. is a diversified financial holding company. Its segments include Banking, Wealth Management, and Other. The Banking segment provides a range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The Wealth Management segment operates under the name Midland Wealth Management, which consists of trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration and retail brokerage services through a nationally recognized third-party broker dealer.
MIDLAND STATES BANCORP, INC. 
