Brief: Midland States Bancorp Announces Sale Of Substantially All Of Its Equipment Finance Portfolio To North Mill Equipment Finance

Midland States Bancorp

01/12/2025 14:06

Dec 1 (Reuters) - Midland States Bancorp Inc MSBI.O:

MIDLAND STATES BANCORP ANNOUNCES SALE OF SUBSTANTIALLY ALL OF ITS EQUIPMENT FINANCE PORTFOLIO TO NORTH MILL EQUIPMENT FINANCE

MIDLAND STATES BANCORP INC - NMEF BUYS PORTFOLIO FOR $502 MILLION IN CASH

MIDLAND STATES BANCORP INC - EXPECTS $20 MILLION PRE-TAX LOSS ON SALE IN Q4 2025

MIDLAND STATES BANCORP INC - INTENDS TO USE MAJORITY OF PROCEEDS FROM SALE TO PAY DOWN ABOUT $350 MILLION OF HIGH-COST WHOLESALE FUNDING

MIDLAND STATES BANCORP INC - DEAL EXPECTED TO BE ACCRETIVE TO CAPITAL AND APPROXIMATELY NEUTRAL TO EARNINGS

Source text: ID:nGNX9HR3ZJ

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