EFFINGHAM, ILLINOIS – Midland Equipment Finance (MEF), the equipment financing division of Midland States Bank, announced that it has crossed the $1 billion mark in its portfolio since the division’s 2018 inception.

MEF provides finance solutions for U.S.-based businesses in the construction, transportation, waste, manufacturing, specialty vehicle and healthcare industries.

“In four and a half years, we have funded over $1.7 billion in equipment finance deals and served over 8,500 customers,” commented Frederick Van Etten, President of MEF. “We are excited to continue to meet our current and future customers’ equipment finance needs.”

Van Etten and his core management team have worked together for over fifteen years and have built a strong team of highly experienced, industry-specific experts. The team has developed a streamlined business model with efficient origination and operating processes that continue to serve its commercial customers and vendors.

"Midland Equipment Finance’s industry leadership reflects how customers within its sectors find value in our products, services and people,” commented Jeffrey Mefford, President of Midland States Bank.

The division is headquartered in St. Louis, Missouri and operates nationwide from 12 locations.

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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 September 30, 2022, the Company had total assets of approximately $7.81 billion, and its Wealth Management Group had assets under administration of approximately $3.45 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.