Midland States Bank
Bank equipment finance group based in Effingham, Illinois.
Effingham, Illinois-based community bank, part of Midland States Bancorp, offering personal and business banking, commercial lending and wealth management. Its commercial lenders provide equipment financing to Illinois and Missouri businesses in construction, manufacturing, forestry, transportation and waste. The bank stopped originating national equipment finance in 2025 and sold most of that portfolio to North Mill Equipment Finance.
Profile
| Type | Bank |
| Headquarters | Effingham, Illinois |
| Website | www.midlandsb.com |
| Coverage | Regional |
| Products | Equipment loans |
| Sectors | Construction, Manufacturing and industrial, Transportation and fleet |
| Bank lease book | $37.1M at Midland States Bank, #134 of 667 U.S. banks (Q2 2026 Call Report) |
Sources: Midland States Bank, Midland States Bancorp.
Similar lenders
| Firm | Headquarters | Type | Focus | Published deal size |
|---|---|---|---|---|
| Old Second National Bank | Aurora, Illinois | Bank | Construction, Transportation and fleet | - |
| BMO Equipment Finance | Chicago, Illinois | Bank | Transportation and fleet, Rail | - |
| 1st Equipment Finance | Exeter, Pennsylvania | Bank | Construction, Transportation and fleet | $25,000 to $5 million+ |
| Atlantic Union Bank | Richmond, Virginia | Bank | Telecom, Transportation and fleet | From $250,000 |
| BciCapital | Miami, Florida | Bank | Aviation, Rail | - |
| Customers Commercial Finance | Portsmouth, New Hampshire | Bank | Manufacturing and industrial, Transportation and fleet | App-only financing up to $600k; equipment financing up to $50MM |
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