Securant Bank has agreed to sell its Settlement Trust Group to Midland States Bank
based out of Effingham Illinois.
Midland States has been recognized as the 12th fastest growing wealth management division in the United States by Investment Professionals Inc. (IPI). In an August 2012 press release, Midland states that IPI’s annual commissioned report measures and benchmarks wealth management performance of banks throughout the U.S. In the IPI commissioned report, the Michael White Associates consulting firm analyzed data from 7,600 commercial banks and bank holding companies as of December 31, 2011. As of June 2012, Midland States had $1.5 billion in assets, with over $800 million in assets under management, the majority of which were trusts.
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