EFFINGHAM, IL-(Effingham Radio)- Midland States Bank is pleased to announce the formal launch event of its Community Impact Investment Statement (CIIS).
This initiative provides a collaborative framework for Midland’s Corporate and Regional Community Economic Development Plans that serve its Illinois and St. Louis regions.
The key areas for each plan include: lending; investments; philanthropy; products, services and program development; community engagement; and diversity, equity and inclusion.
“Midland strives to support diverse economies through financial empowerment, community involvement and banking services,” commented Jeffrey S. Mefford, Midland States Bank President. “We believe it is through community collaboration and execution that this is most successfully accomplished.”
Midland’s CIIS investment and loan metrics are to be executed in consideration of 6 key pillars: traditional & non-traditional education; work force development; financial empowerment; housing; small business development; and health & wellness.
“We strongly believe that these 6 key pillars can create thriving communities with a strong, equitable foundation,” commented Martesha Brown, Midland States Bank Director of Community Economic Development. “Further, we understand that each community has unique and specific needs. Rather than assuming what our communities need, our plans are guided and derived from a collaborative conversation with local nonprofit organizations and businesses.”
Midland’s proactive multi-year goal is $57 million in investments and $260 million in community economic development loans.
“This is Midland taking a proactive approach to this space,” continued Mefford.
The formal launch occurred in St. Louis on January 31, 2023.
Additional events will continue in Northwestern and Northeastern Illinois regions through 2023 and will be led by Midland’s respective Regional Community Economic Development Relationship Managers.
More information about Midland’s CIIS can be found at http://www.midlandsb.com/community.
About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank.
As of December 31, 2022, the Company had total assets of approximately $7.86 billion, and its Wealth Management Group had assets under administration of approximately $3.60 billion.
The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services.
For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.
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