Patriot Financial Partners, L.P. Invests in Midland States Bancorp, Inc. Common Stock Through Open-Market Purchases

Core Viewpoint - Midland States Bancorp, Inc. has announced that Patriot Financial Partners, L.P. has acquired a position in the Company's common stock and that James F. Deutsch has been appointed to the Board of Directors [1][3]. Group 1: Company Developments - Patriot Financial Partners, L.P. has made open-market purchases of Midland States Bancorp's common stock [1]. - James F. Deutsch, a partner at Patriot and former CEO of Team Capital Bank, has joined the Board of Directors effective February 3, 2026 [1][2]. - The Company emphasizes the importance of partnering with sophisticated investors like Patriot to enhance shareholder returns and expand its franchise [3]. Group 2: Management Insights - Jeffrey C. Smith, Chairman of the Company, expressed enthusiasm about Mr. Deutsch's appointment and highlighted his extensive experience in the banking industry [3]. - Jeffrey G. Ludwig, President and CEO, noted that the investment from Patriot affirms the Company's direction and mission [3]. - Mr. Deutsch expressed his honor in joining the board and his commitment to assist in executing the Company's future growth strategies [3]. Group 3: Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, with total assets of approximately $6.51 billion as of December 31, 2025 [4]. - The Company's Wealth Management Group manages assets under administration of approximately $4.48 billion [4]. - Midland States Bancorp provides a full range of commercial and consumer banking products and services, including trust and investment management, insurance, and financial planning services [4].