EFFINGHAM, ILLINOIS – September 1, 2021 – Midland States Bank announced today that Midland Equipment Finance (MEF), its equipment finance division, has again been recognized as a Top 100 U.S. Equipment Finance and Leasing Company by The Monitor Daily, the leading equipment leasing and finance industry publication. MEF climbed from its initial 67th ranking to 52nd for new business volume, and from 79th to 63rd for total asset size. Both rankings are based on December 31, 2020 year-end financial reporting.
“MEF’s growth is a true testament to the streamlined business model, efficient origination process and long-standing relationships Fred and his team have built,” said Jeff Mefford, President of Midland States Bank. “It’s especially impressive given the uncertain business climate which limited business travel and trade events this past year.”
“We have continued to execute the long-term strategic plan which we initially outlined for this division and continue to refine.” said Fred Van Etten, President of Midland Equipment Finance. “I am very pleased with the results and look forward to MEF’s future successes.”
MEF provides finance solutions for U.S. businesses in the construction, transportation, waste, manufacturing, specialty vehicle and healthcare industries. The division is headquartered in St. Louis, Missouri and operates from twelve regional offices. Van Etten and his core management team have worked together for over fifteen years and have built a strong sales team of highly experienced, industry-specific experts.
To see the Monitor 100 top equipment financing companies in the U.S., visit https://monitor100.monitordaily.com. To learn more about Midland Equipment Finance, visit https://www.midlandsb.com/equipment-financing.
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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 June 30, 2021, the Company had total assets of approximately $6.63 billion, and its Wealth Management Group had assets under administration of approximately $4.08 billion. Midland 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.
Contact:
Bruce Shumate
Marketing Manager
314-512-8548