Midland States to redeem $31.08 million fixed-to-floaters due 2025

By Wendy Van Sickle

Columbus, Ohio, May 10 – Midland States Bancorp, Inc. will redeem all $31,075,000 of its 4.54% fixed-to-floating rate subordinated notes due June 18, 2025, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest to the redemption date of June 18.

The financial holding company is based in Effingham, Ill.

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