A corporate message recently sent a shudder through all Midland States Bank offices. The September 3rd announcement said 13 locations would either close or consolidate by year’s end. It was reported a day later in the Kankakee Daily Journal.
Since then, the bank has announced that three Illinois branches will still be around. Mendota, Diamond and Sterling offices will undergo what was called “branch improvements projects” next spring. That could be updating the drive-through, or, what the Bank called “new builds”. Exact plans for Mendota were not specifically mentioned. No closures were listed in this email.
President and CEO Jeffrey Ludwig said the pandemic has accelerated the shift toward digital banking and reducing the need for several smaller branches. Midland States Bank has 55 locations in Illinois and 11 in Missouri.