Midland States Bank Wealth Management Group named to top 50 list
From Illinois Business Journal news services
EFFINGHAM – Midland States Bank’s Wealth Management Group has seen trust revenue growth of nearly twice the industry average. The results recently landed the bank on the 2014 “Nifty 50” Top 50 Banks for Trust Revenue Growth by Bank Director Magazine in its most recent issue.
Over the 2012-2014 period, Midland has experienced trust revenue growth of 36 percent and overall Wealth Management revenue growth of 46 percent, compared to the industry average of 20.8 percent as stated by Bank Director Magazine. Midland’s increase in customers and accounts has surged significantly since 2011 with a 46 percent lift in the number of trust accounts and a 72 percent gain in assets under administration.
Midland was one of only three Illinois banks to be ranked in the Top 50. Midland has several branches in Metro East and St. Louis.