Midland States Bank retained its five-star “superior” rating from BauerFinancial Inc., a nationally recognized bank rating and research firm. Bauer reserves its five-star rating for only those banks it rates as the strongest, safest banks in the United States.
“It is very gratifying to be recognized once again for our continued excellence by such a well-respected rating firm for our consistent growth trends, capital levels, profitability levels and asset quality,” stated Leon Holschbach, president and CEO of Midland States Bank. “This rating confirms our positioning statement of ‘Great Strength’ to our customers and the general public. In today’s uncertain economic times, customers want to feel confident that their bank is strong and stable, and we are proud of our ongoing performance and this rating reaffirms our results.”
Bauer analyzes all of the nation’s more than 7,000 banks. The research company compiles the ratings after analyzing factors that demonstrate the bank’s strength, including profits, assets and cash on hand. It recommends doing business with banks with four or five stars. Midland’s rating is for the quarter ending Dec. 31, 2013.