Midland States Bancorp, Inc. - Common Stock (MSBI)
Competitors to Midland States Bancorp, Inc. - Common Stock (MSBI)
Bank of the Ozarks, Inc.
Bank of the Ozarks competes with Midland States Bancorp by providing a suite of banking products similar to those offered by Midland, including loans, deposit accounts, and financial services aimed at both individuals and businesses. Bank of the Ozarks, however, has been aggressive in its expansion and often emphasizes its commercial lending capabilities, which can attract larger clients needing complex financial solutions. Their strong growth strategy and diversified business model give them a competitive edge in terms of market presence and service offerings.
First Mid Bancshares, Inc. FMBH +0.00
First Mid Bancshares, Inc. and Midland States Bancorp both operate in similar markets and offer comparable financial services, including traditional banking and wealth management. While both companies have strong community ties, First Mid has differentiated itself through a strong focus on agricultural banking services which helps them tap into a specific market segment that Midland may not target as aggressively. This specialization gives First Mid a unique position in the marketplace, impacting its competitive stance within the regions they serve.
Heartland Financial USA, Inc. HTLF +0.00
Heartland Financial USA, Inc. competes with Midland States Bancorp primarily in the regional banking sector, focusing on providing a range of financial products including commercial and consumer banking services. Both companies target similar customer demographics, including retail and business clients, and emphasize community bank values. Heartland has a larger geographic footprint with a presence in multiple Midwestern states, which allows them to leverage economies of scale and offer a broader range of services, potentially giving them a competitive advantage in terms of brand recognition and resource availability.
Provident Financial Services, Inc.
Provident Financial Services competes with Midland States Bancorp by providing similar offerings including personal banking, business accounts, and investment services. Their competitive edge lies in their extensive branch network and strong digital banking platform, which appeals to tech-savvy customers who value online banking conveniences. Their strategy focuses on enhancing customer experience through technology integration, which positions them favorably against Midland's more traditional service delivery model.