Midland States Bancorp to redeem all $50.75M subordinated notes on Sept 30, 2025

Midland States Bancorp, Inc.

Redeeming $50.75M Fixed-to-Floating Rate Subordinated Notes due 2029 on September 30, 2025.
Redemption price is 100% of principal plus accrued unpaid interest through redemption date.
Current interest rate on notes is 7.91%, equating to approximately $4M annual interest payment.

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